Short Interest in Visteon Corporation (NASDAQ:VC) Rises By 19.5%

Visteon Corporation (NASDAQ:VC) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 2,206,005 shares, an increase of 19.5% from the January 15th total of 1,846,190 shares. Based on an average daily volume of 579,994 shares, the short-interest ratio is presently 3.8 days. Currently, 8.2% of the shares of the stock are sold short. Currently, 8.2% of the shares of the stock are sold short. Based on an average daily volume of 579,994 shares, the short-interest ratio is presently 3.8 days.

Visteon Stock Performance

VC stock opened at $104.26 on Wednesday. The firm has a 50 day simple moving average of $98.23 and a 200 day simple moving average of $108.74. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10. The stock has a market cap of $2.85 billion, a P/E ratio of 9.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89.

Institutional Trading of Visteon

Several hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. increased its position in Visteon by 28.6% in the 2nd quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock worth $207,364,000 after purchasing an additional 494,820 shares during the last quarter. Boston Partners bought a new stake in shares of Visteon in the 4th quarter valued at approximately $25,342,000. Squarepoint Ops LLC acquired a new position in Visteon in the fourth quarter worth approximately $22,361,000. First Trust Advisors LP increased its holdings in Visteon by 483.0% in the fourth quarter. First Trust Advisors LP now owns 231,682 shares of the company’s stock worth $22,033,000 after buying an additional 191,943 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Visteon by 16.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock valued at $126,902,000 after acquiring an additional 187,347 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VC. UBS Group dropped their price objective on Visteon from $142.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Wolfe Research cut shares of Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. Zacks Research downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Robert W. Baird set a $126.00 price objective on shares of Visteon in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada increased their target price on shares of Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Visteon presently has an average rating of “Moderate Buy” and an average price target of $127.15.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.