Volex plc (OTCMKTS:VLXGF) Short Interest Update

Volex plc (OTCMKTS:VLXGF) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 6,024 shares, a drop of 69.6% from the May 14th total of 19,826 shares. Based on an average daily trading volume, of 22,581 shares, the short-interest ratio is presently 0.3 days.

Volex Trading Up 1.8%

Shares of VLXGF stock opened at $7.80 on Thursday. Volex has a 52-week low of $4.12 and a 52-week high of $9.53. The business’s fifty day moving average is $8.00 and its 200 day moving average is $6.64.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VLXGF shares. Investec downgraded Volex to a “hold” rating in a research report on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Volex in a research report on Sunday, April 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently 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.