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

Volex plc (OTCMKTS:VLXGF) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 245 shares, a decrease of 83.6% from the September 30th total of 1,490 shares. Based on an average daily trading volume, of 46,207 shares, the days-to-cover ratio is presently 0.0 days.

Volex Stock Performance

Shares of Volex stock opened at $7.50 on Wednesday. The firm’s 50-day simple moving average is $8.32 and its 200-day simple moving average is $7.42. Volex has a twelve month low of $5.06 and a twelve month high of $9.53.

Analyst Ratings Changes

VLXGF has been the subject of a number of recent research reports. Investec raised Volex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Volex in a report on Monday, October 19th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

About Volex

Volex plc is a United Kingdom-based manufacturer of power and data connectivity products and a provider of integrated manufacturing services. The company designs and produces cable assemblies, power cords, connectors and related components used to deliver power and transmit data in a range of end markets.

Its products and services support customers in sectors including data centers, medical and healthcare equipment, electric vehicles, industrial technology, consumer electronics and complex industrial applications.