Volex plc (OTCMKTS:VLXGF) Shares Shorted: Short Interest Up 175.9% in September

Volex plc (OTCMKTS:VLXGF) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,490 shares, a growth of 175.9% from the September 15th total of 540 shares. Based on an average trading volume of 1,661 shares, the short-interest ratio is presently 0.9 days.

Volex Stock Performance

Shares of VLXGF stock opened at $9.00 on Tuesday. The business has a fifty day moving average of $8.18 and a 200 day moving average of $7.82. Volex has a 1 year low of $5.06 and a 1 year high of $9.53.

Wall Street Analysts Forecast Growth

Separately, Investec raised shares of Volex from a “hold” rating to a “buy” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, Volex has a consensus rating of “Buy”.

About Volex

Volex plc is a United Kingdom-based manufacturer of integrated manufacturing services and critical connectivity solutions. The company designs and produces power cords, cable assemblies, data connectivity products and related electronic components used in a range of industrial and commercial applications.

Its products serve markets including healthcare, industrial technology, complex industrial systems, consumer electronics, electric vehicles and other transportation applications. Volex also provides design, engineering, prototyping, assembly and supply-chain services, supporting customers from product development through volume manufacturing.

Volex operates a global manufacturing and distribution network serving customers across North America, Europe and Asia.