Volex plc (OTCMKTS:VLXGF) Short Interest Down 93.7% in August

Volex plc (OTCMKTS:VLXGF) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 196 shares, a decrease of 93.7% from the July 30th total of 3,105 shares. Based on an average daily trading volume, of 546 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Investec upgraded Volex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Volex Price Performance

Shares of VLXGF traded up $1.31 during mid-day trading on Tuesday, hitting $8.60. The company’s stock had a trading volume of 3,000 shares, compared to its average volume of 6,724. The company’s 50-day moving average is $7.26 and its 200-day moving average is $7.28. Volex has a 52-week low of $4.73 and a 52-week high of $9.53.

Volex Company Profile

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords. It also offers plugs, connectors, and receptacles. Its products are used in complex industrial technology, consumer electronics, electric vehicle, and medical markets.