Valeo S.A. (OTCMKTS:VLEEY) Sees Significant Growth in Short Interest

Valeo S.A. (OTCMKTS:VLEEY) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 6,227 shares, a growth of 1,040.5% from the September 15th total of 546 shares. Based on an average daily volume of 14,790 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Valeo Stock Performance

Shares of Valeo stock remained flat at $7.38 during midday trading on Friday. 1,139 shares of the company traded hands, compared to its average volume of 6,047. The business has a 50 day simple moving average of $8.30 and a two-hundred day simple moving average of $7.56. Valeo has a 12 month low of $5.62 and a 12 month high of $9.93.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VLEEY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a report on Thursday, July 16th. Jefferies Financial Group upgraded Valeo from a “hold” rating to a “buy” rating in a research report on Tuesday, September 22nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Valeo in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Valeo presently has an average rating of “Hold”.

About Valeo

Valeo SE is a France-based automotive technology company that develops and supplies systems and components for vehicle manufacturers and the automotive aftermarket. Its products support vehicle visibility, electrification, thermal management, powertrain performance, comfort and driving assistance.

The company’s offerings include lighting systems, windshield wipers and other visibility technologies; heating, ventilation and air-conditioning systems; electric powertrain components and charging-related technologies; and advanced driver-assistance systems.