Short Interest in Volex plc (OTCMKTS:VLXGF) Drops By 93.7%

Volex plc (OTCMKTS:VLXGF) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 196 shares, a decline of 93.7% from the July 30th total of 3,105 shares. Based on an average daily volume of 546 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

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

Volex Stock Performance

Shares of OTCMKTS VLXGF opened at $8.60 on Wednesday. The firm’s 50-day moving average price is $7.27 and its 200-day moving average price is $7.29. Volex has a 12-month low of $4.73 and a 12-month high of $9.53.

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.