Volex plc (OTCMKTS:VLXGF) Sees Large Growth in Short Interest

Volex plc (OTCMKTS:VLXGF) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 540 shares, an increase of 125.0% from the August 31st total of 240 shares. Based on an average daily volume of 418 shares, the days-to-cover ratio is presently 1.3 days.

Analysts Set New Price Targets

Separately, Investec raised shares of Volex from a “hold” rating to a “buy” rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Volex Stock Performance

VLXGF opened at $8.71 on Tuesday. The business has a 50 day moving average of $7.83 and a 200-day moving average of $7.65. Volex has a 52 week low of $4.80 and a 52 week high of $9.53.

About Volex

Volex plc is a United Kingdom-based manufacturer of integrated manufacturing services and critical connectivity solutions. The company designs and produces power cords, cable assemblies, data connectivity products and related electronic components used in a range of industrial and commercial applications.

Its products serve markets including healthcare, industrial technology, complex industrial systems, consumer electronics, electric vehicles and other transportation applications. Volex also provides design, engineering, prototyping, assembly and supply-chain services, supporting customers from product development through volume manufacturing.

Volex operates a global manufacturing and distribution network serving customers across North America, Europe and Asia.