Short Interest in Volex plc (OTCMKTS:VLXGF) Rises By 3,011.0%

Volex plc (OTCMKTS:VLXGF) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,111 shares, an increase of 3,011.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 4,570 shares, the short-interest ratio is currently 0.7 days.

Volex Trading Up 2.6%

Shares of VLXGF stock traded up $0.18 during mid-day trading on Friday, reaching $7.20. The company’s stock had a trading volume of 34,206 shares, compared to its average volume of 8,055. The firm’s 50-day moving average is $7.89 and its two-hundred day moving average is $7.07. Volex has a 1-year low of $4.73 and a 1-year high of $9.53.

Analyst Upgrades and Downgrades

Several research firms have commented on VLXGF. Investec raised Volex from a “hold” rating to a “buy” rating in a report on Tuesday, June 30th. Jefferies Financial Group restated a “buy” rating on shares of Volex in a research report on Sunday, April 26th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Volex currently has a consensus rating of “Buy”.

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.