Valeo S.A. (OTCMKTS:VLEEY) Shares Shorted: Short Interest Down 77.3% in September

Valeo S.A. (OTCMKTS:VLEEY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 546 shares, a drop of 77.3% from the August 31st total of 2,403 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 4,948 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Valeo Stock Performance

Shares of VLEEY stock opened at $8.55 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.33. Valeo has a 12-month low of $5.62 and a 12-month high of $9.93. The business’s 50 day moving average is $8.28 and its two-hundred day moving average is $7.43.

About Valeo

Valeo SE is a France-based automotive technology supplier that develops and manufactures systems and components for vehicle manufacturers and the automotive aftermarket. The company’s portfolio includes driver-assistance and automated-driving technologies, vehicle lighting, electrical and electronic systems, thermal-management solutions, and powertrain technologies supporting vehicle electrification.

Valeo supplies products for passenger cars and commercial vehicles, with offerings designed for conventional, hybrid, and electric vehicles.