Short Interest in Volex plc (OTCMKTS:VLXGF) Grows By 3,011.0%

Volex plc (OTCMKTS:VLXGF) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 3,111 shares, an increase of 3,011.0% from the June 30th total of 100 shares. Based on an average daily volume of 4,570 shares, the short-interest ratio is presently 0.7 days.

Volex Trading Up 2.6%

OTCMKTS VLXGF opened at $7.20 on Friday. Volex has a one year low of $4.73 and a one year high of $9.53. The stock has a 50-day moving average of $7.86 and a 200 day moving average of $7.07.

Analyst Ratings Changes

VLXGF has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Volex in a research report on Sunday, April 26th. Investec raised shares of Volex from a “hold” rating to a “buy” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Volex currently has a consensus rating of “Buy”.

About Volex

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.