Vylor (NYSE:VYLR) Sees Significant Growth in Short Interest

Vylor (NYSE:VYLR) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 14,989,198 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 8,357,504 shares, the short-interest ratio is presently 1.8 days.

Vylor Price Performance

NYSE VYLR traded down $0.44 during trading on Friday, reaching $72.24. 3,429,110 shares of the company’s stock traded hands, compared to its average volume of 5,529,306. Vylor has a 12-month low of $65.00 and a 12-month high of $77.39.

Vylor announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 22nd that allows the company to repurchase $3 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.3% of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Vylor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 30th.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VYLR shares. Bank of America initiated coverage on shares of Vylor in a research report on Monday, October 5th. They set a “buy” rating and a $78.00 target price on the stock. Weiss Ratings upgraded Vylor from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Royal Bank Of Canada started coverage on Vylor in a research note on Friday, October 2nd. They issued an “outperform” rating and a $85.00 price objective on the stock. BNP Paribas Exane began coverage on Vylor in a research note on Wednesday, October 14th. They issued a “neutral” rating and a $75.00 price objective on the stock. Finally, KeyCorp began coverage on Vylor in a report on Wednesday, October 7th. They set a “sector weight” rating and a $78.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Vylor currently has an average rating of “Moderate Buy” and an average target price of $82.67.

About Vylor

Vylor Inc is a seed and genetics company. It develops and supplies germplasm for farmers to improve crop health and produce higher yields. Vylor Inc is based in JOHNSTON, Iowa.