Volex plc (OTCMKTS:VLXGF) Shares Shorted: Short Interest Up 1,860.0% in October

Volex plc (OTCMKTS:VLXGF) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 4,802 shares, an increase of 1,860.0% from the October 15th total of 245 shares. Based on an average trading volume of 415 shares, the days-to-cover ratio is presently 11.6 days.

Volex Stock Performance

OTCMKTS VLXGF remained flat at $7.04 during mid-day trading on Tuesday. The company had a trading volume of 385 shares, compared to its average volume of 7,808. The stock’s fifty day moving average is $8.22 and its 200 day moving average is $7.50. Volex has a 1 year low of $5.16 and a 1 year high of $9.53.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Volex in a research note on Monday, October 19th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

About Volex

Volex is a global manufacturer of power and connectivity products. Its offerings include power cords, cable assemblies, wiring harnesses and high-speed copper cables used to connect and supply power to electronic equipment and systems. The company serves customers across markets including consumer electronics, medical devices, electric vehicles and industrial technology. Its products are used in applications ranging from everyday electrical equipment to specialized systems that require dependable power and data connections.