Short Interest in Valeo S.A. (OTCMKTS:VLEEY) Drops By 32.2%

Valeo S.A. (OTCMKTS:VLEEY) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 2,403 shares, a decline of 32.2% from the August 15th total of 3,545 shares. Based on an average daily volume of 4,633 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a research report on Thursday, July 16th. Citigroup restated a “neutral” rating on shares of Valeo in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Valeo Price Performance

Shares of VLEEY stock opened at $8.50 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.66. The stock’s 50 day simple moving average is $8.09 and its 200 day simple moving average is $7.33. Valeo has a twelve month low of $5.62 and a twelve month high of $9.93.

About Valeo

Valeo SE is a France-based automotive technology supplier that develops and manufactures systems and components for vehicle manufacturers and the automotive aftermarket. The company’s portfolio includes driver-assistance and automated-driving technologies, vehicle lighting, electrical and electronic systems, thermal-management solutions, and powertrain technologies supporting vehicle electrification.

Valeo supplies products for passenger cars and commercial vehicles, with offerings designed for conventional, hybrid, and electric vehicles.