Valeo S.A. (OTCMKTS:VLEEY) Sees Large Decrease in Short Interest

Valeo S.A. (OTCMKTS:VLEEY) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 2,403 shares, a decline of 32.2% from the August 15th total of 3,545 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 4,633 shares, the short-interest ratio is currently 0.5 days.

Valeo Price Performance

Shares of VLEEY opened at $8.50 on Thursday. The business’s fifty day moving average price is $8.09 and its 200 day moving average price is $7.33. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.66 and a current ratio of 0.86. Valeo has a 12-month low of $5.62 and a 12-month high of $9.93.

Analysts Set New Price Targets

VLEEY has been the topic of a number of analyst reports. Citigroup reiterated a “neutral” rating on shares of Valeo in a research note on Tuesday, August 11th. Morgan Stanley restated an “overweight” rating on shares of Valeo in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Valeo Company Profile

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.