Valeo S.A. (OTCMKTS:VLEEY) Sees Large Growth in Short Interest

Valeo S.A. (OTCMKTS:VLEEY) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 6,522 shares, an increase of 854.9% from the October 15th total of 683 shares. Based on an average daily volume of 3,879 shares, the short-interest ratio is presently 1.7 days. Currently, 0.0% of the shares of the stock are sold short.

Valeo Price Performance

VLEEY opened at $6.15 on Friday. The business has a fifty day simple moving average of $7.54 and a 200-day simple moving average of $7.36. Valeo has a fifty-two week low of $5.62 and a fifty-two week high of $9.93.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded Valeo from a “hold” rating to a “buy” rating in a research report on Tuesday, September 22nd. Citigroup restated a “neutral” rating on shares of Valeo in a report on Tuesday, August 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Valeo Company Profile

Valeo is a French automotive technology supplier that develops and manufactures components, systems and services for automakers and the mobility market. Its products support vehicle electrification, powertrain operation, thermal management, visibility, lighting, and driver assistance. The company’s offerings include electric-vehicle systems, sensors and software for advanced driver-assistance features, lighting equipment, windshield wiper systems, and heating and cooling solutions. Valeo also supplies replacement parts and services to the automotive aftermarket.