Volex plc (OTCMKTS:VLXGF) Stock Short Interest Report for October

Volex plc (OTCMKTS:VLXGF) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 4,802 shares, a growth 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.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Volex in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Volex Trading Up 6.5%

OTCMKTS:VLXGF traded up $0.46 during mid-day trading on Wednesday, hitting $7.50. 670 shares of the company’s stock traded hands, compared to its average volume of 7,732. The company has a fifty day moving average of $8.22 and a 200 day moving average of $7.50. Volex has a twelve month low of $5.16 and a twelve month high of $9.53.

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.