Short Interest in Volex plc (OTCMKTS:VLXGF) Declines By 99.8%

Volex plc (OTCMKTS:VLXGF) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 100 shares, a decline of 99.8% from the June 15th total of 41,128 shares. Based on an average daily volume of 14,055 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Several research firms have recently commented on VLXGF. Investec raised Volex from a “hold” rating to a “buy” rating in a report on Tuesday, June 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Volex in a research report on Sunday, April 26th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Volex has an average rating of “Buy”.

Volex Price Performance

OTCMKTS:VLXGF traded down $0.07 on Friday, hitting $6.73. The company’s stock had a trading volume of 1,676 shares, compared to its average volume of 8,292. Volex has a one year low of $4.73 and a one year high of $9.53. The stock has a fifty day moving average of $8.18 and a two-hundred day moving average of $6.97.

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.