Volex plc (OTCMKTS:VLXGF) Short Interest Update

Volex plc (OTCMKTS:VLXGF) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 100 shares, a drop of 99.8% from the June 15th total of 41,128 shares. Based on an average trading volume of 14,055 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VLXGF shares. Investec upgraded Volex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Volex in a research note on Sunday, April 26th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Volex presently has a consensus rating of “Buy”.

Volex Stock Down 1.0%

Shares of Volex stock traded down $0.07 during trading on Friday, reaching $6.73. The company’s stock had a trading volume of 1,676 shares, compared to its average volume of 8,292. Volex has a 1-year low of $4.73 and a 1-year high of $9.53. The company has a 50-day simple moving average of $8.18 and a two-hundred day simple moving average of $6.97.

Volex Company Profile

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords. It also offers plugs, connectors, and receptacles. Its products are used in complex industrial technology, consumer electronics, electric vehicle, and medical markets.