Short Interest in Valens Semiconductor Ltd. (NYSE:VLN) Increases By 49.4%

Valens Semiconductor Ltd. (NYSE:VLN) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 357,400 shares, a growth of 49.4% from the January 31st total of 239,200 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 721,900 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity upgraded shares of Valens Semiconductor to a “strong-buy” rating in a research note on Monday, December 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VLN. Ameriprise Financial Inc. raised its stake in Valens Semiconductor by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,421,482 shares of the company’s stock valued at $3,696,000 after acquiring an additional 4,100 shares during the period. Two Sigma Securities LLC increased its stake in shares of Valens Semiconductor by 35.3% in the fourth quarter. Two Sigma Securities LLC now owns 18,541 shares of the company’s stock worth $48,000 after purchasing an additional 4,838 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Valens Semiconductor in the fourth quarter valued at approximately $35,000. Wolverine Trading LLC purchased a new stake in shares of Valens Semiconductor during the 4th quarter valued at approximately $43,000. Finally, Occudo Quantitative Strategies LP bought a new position in Valens Semiconductor in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 33.90% of the company’s stock.

Valens Semiconductor Stock Performance

NYSE VLN traded up $0.14 on Tuesday, hitting $2.17. 259,423 shares of the stock traded hands, compared to its average volume of 567,893. The business’s fifty day moving average is $2.65 and its two-hundred day moving average is $2.24. Valens Semiconductor has a 12 month low of $1.67 and a 12 month high of $3.50. The firm has a market capitalization of $230.23 million, a price-to-earnings ratio of -8.66 and a beta of 0.32.

Valens Semiconductor Company Profile

Valens Semiconductor Ltd. engages in the provision of semiconductor products for the audio-video and automotive industries. The company offers HDBaseT technology, which enables the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable.