Valens Semiconductor Ltd. (NYSE:VLN - Get Free Report) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 357,400 shares, a growth of 49.4% from the January 31st total of 239,200 shares. Based on an average daily trading volume, of 721,900 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, ThinkEquity raised Valens Semiconductor to a "strong-buy" rating in a research note on Monday, December 2nd.
Check Out Our Latest Stock Report on Valens Semiconductor
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. State of Tennessee Department of Treasury bought a new stake in shares of Valens Semiconductor during the fourth quarter worth about $35,000. Occudo Quantitative Strategies LP bought a new position in shares of Valens Semiconductor in the 4th quarter worth about $40,000. Wolverine Trading LLC acquired a new position in shares of Valens Semiconductor in the 4th quarter valued at about $43,000. Two Sigma Securities LLC boosted its holdings in shares of Valens Semiconductor by 35.3% during the 4th quarter. Two Sigma Securities LLC now owns 18,541 shares of the company's stock worth $48,000 after buying an additional 4,838 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Valens Semiconductor in the fourth quarter worth $52,000. 33.90% of the stock is currently owned by institutional investors.
Valens Semiconductor Price Performance
VLN stock traded up $0.05 during trading on Friday, reaching $2.16. 204,406 shares of the company were exchanged, compared to its average volume of 542,229. Valens Semiconductor has a twelve month low of $1.67 and a twelve month high of $3.50. The company has a market capitalization of $229.17 million, a price-to-earnings ratio of -8.62 and a beta of 0.34. The company has a 50-day moving average of $2.66 and a two-hundred day moving average of $2.24.
About Valens Semiconductor
(
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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.
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