Volex plc (OTCMKTS:VLXGF) Short Interest Update

Volex plc (OTCMKTS:VLXGF) saw a significant increase in short interest in 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 volume of 32,507 shares, the short-interest ratio is presently 0.6 days.

Volex Trading Down 3.8%

VLXGF opened at $9.01 on Friday. Volex has a 52-week low of $4.05 and a 52-week high of $9.53. The business’s 50-day simple moving average is $7.56 and its 200 day simple moving average is $6.43.

Wall Street Analysts Forecast Growth

Several equities research analysts have 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 lowered Volex to a “hold” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Volex 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.