Volex plc (OTCMKTS:VLXGF) Sees Large Decline in Short Interest

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

Volex Stock Up 0.2%

Shares of Volex stock opened at $8.62 on Thursday. The stock’s fifty day moving average is $7.28 and its 200 day moving average is $7.31. Volex has a one year low of $4.76 and a one year high of $9.53.

Wall Street Analyst Weigh In

Separately, Investec upgraded shares of Volex from a “hold” rating to a “buy” rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “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.