Volex plc (OTCMKTS:VLXGF) Short Interest Up 582.7% in June

Volex plc (OTCMKTS:VLXGF) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 41,128 shares, an increase of 582.7% from the May 31st total of 6,024 shares. Based on an average trading volume of 29,896 shares, the days-to-cover ratio is presently 1.4 days.

Volex Price Performance

Shares of VLXGF opened at $7.20 on Friday. Volex has a 1-year low of $4.73 and a 1-year high of $9.53. The firm has a fifty day moving average price of $8.30 and a 200 day moving average price of $6.84.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VLXGF shares. Investec lowered Volex to a “hold” rating in a research report on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Volex in a research note on Sunday, April 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Volex

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.