Volex plc (OTCMKTS:VLXGF) Short Interest Update

Volex plc (OTCMKTS:VLXGF) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 19,826 shares, a growth 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 days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VLXGF shares. Jefferies Financial Group reiterated a “buy” rating on shares of Volex in a research note on Sunday, April 26th. Investec cut Volex to a “hold” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Volex Trading Down 0.3%

VLXGF traded down $0.03 during trading on Wednesday, hitting $9.37. 4,455 shares of the stock were exchanged, compared to its average volume of 7,654. Volex has a 1-year low of $4.05 and a 1-year high of $9.53. The stock has a fifty day moving average price of $7.51 and a two-hundred day moving average price of $6.41.

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.