Valeo S.A. (OTCMKTS:VLEEY) Sees Significant Growth in Short Interest

Valeo S.A. (OTCMKTS:VLEEY) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 6,227 shares, an increase of 1,040.5% from the September 15th total of 546 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 14,790 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of Valeo in a report on Thursday, July 16th. Citigroup reaffirmed a “neutral” rating on shares of Valeo in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group raised Valeo from a “hold” rating to a “buy” rating in a research note on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Valeo Price Performance

OTCMKTS VLEEY remained flat at $7.38 on Friday. 1,139 shares of the company traded hands, compared to its average volume of 6,047. Valeo has a fifty-two week low of $5.62 and a fifty-two week high of $9.93. The stock’s 50 day moving average is $8.30 and its two-hundred day moving average is $7.56.

About Valeo

Valeo SE is a France-based automotive technology company that develops and supplies systems and components for vehicle manufacturers and the automotive aftermarket. Its products support vehicle visibility, electrification, thermal management, powertrain performance, comfort and driving assistance.

The company’s offerings include lighting systems, windshield wipers and other visibility technologies; heating, ventilation and air-conditioning systems; electric powertrain components and charging-related technologies; and advanced driver-assistance systems.