Valens Semiconductor Ltd. (NYSE:VLN) Short Interest Update

Valens Semiconductor Ltd. (NYSE:VLN - Get Free Report) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 239,200 shares, a decrease of 24.6% from the January 15th total of 317,100 shares. Currently, 0.3% of the company's shares are sold short. Based on an average daily trading volume, of 683,500 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, ThinkEquity upgraded Valens Semiconductor to a "strong-buy" rating in a report on Monday, December 2nd.

Hedge Funds Weigh In On Valens Semiconductor

Hedge funds have recently bought and sold shares of the company. State of Tennessee Department of Treasury acquired a new stake in Valens Semiconductor in the 4th quarter valued at about $35,000. Occudo Quantitative Strategies LP purchased a new position in shares of Valens Semiconductor in the 4th quarter valued at about $40,000. Wolverine Trading LLC purchased a new position in shares of Valens Semiconductor in the 4th quarter valued at about $43,000. Two Sigma Securities LLC increased its holdings in shares of Valens Semiconductor by 35.3% in the 4th quarter. Two Sigma Securities LLC now owns 18,541 shares of the company's stock valued at $48,000 after acquiring an additional 4,838 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Valens Semiconductor in the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 33.90% of the company's stock.

Valens Semiconductor Stock Performance

Shares of Valens Semiconductor stock traded down $0.13 during trading hours on Tuesday, hitting $2.59. The company's stock had a trading volume of 676,991 shares, compared to its average volume of 638,680. Valens Semiconductor has a twelve month low of $1.67 and a twelve month high of $3.50. The firm has a fifty day moving average of $2.59 and a 200-day moving average of $2.25. The stock has a market cap of $274.99 million, a price-to-earnings ratio of -10.34 and a beta of 0.32.

Valens Semiconductor Company Profile

Valens Semiconductor Ltd. engages in the provision of semiconductor products for the audio-video and automotive industries. The company offers HDBaseT technology, which enables the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable.