Volex plc (OTCMKTS:VLXGF – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 196 shares, a drop of 93.7% from the July 30th total of 3,105 shares. Based on an average daily volume of 546 shares, the days-to-cover ratio is presently 0.4 days.
Volex Trading Up 18.1%
Shares of OTCMKTS VLXGF traded up $1.31 during trading hours on Tuesday, hitting $8.60. 3,000 shares of the stock were exchanged, compared to its average volume of 6,724. Volex has a 12 month low of $4.73 and a 12 month high of $9.53. The firm has a fifty day moving average price of $7.26 and a 200-day moving average price of $7.28.
Analyst Ratings Changes
Separately, Investec upgraded Volex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company 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.
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