Short Interest in Volex plc (OTCMKTS:VLXGF) Expands By 1,277.8%

Volex plc (OTCMKTS:VLXGF) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 19,826 shares, an increase of 1,277.8% from the April 30th total of 1,439 shares. Based on an average daily trading volume, of 32,507 shares, the short-interest ratio is currently 0.6 days.

Volex Stock Performance

VLXGF opened at $9.37 on Thursday. Volex has a fifty-two week low of $4.05 and a fifty-two week high of $9.53. The company’s 50-day moving average is $7.51 and its 200 day moving average is $6.41.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VLXGF shares. Investec lowered shares of Volex to a “hold” rating in a report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating on shares of Volex in a report on Sunday, April 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.