Volex plc (OTCMKTS:VLXGF) Stock Short Interest Jumps 175.9%

Volex plc (OTCMKTS:VLXGF) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,490 shares, an increase of 175.9% from the September 15th total of 540 shares. Based on an average daily trading volume, of 1,661 shares, the days-to-cover ratio is presently 0.9 days.

Volex Stock Performance

OTCMKTS VLXGF opened at $9.12 on Wednesday. The company’s fifty day moving average is $8.21 and its two-hundred day moving average is $7.84. Volex has a 52-week low of $5.06 and a 52-week high of $9.53.

Wall Street Analyst Weigh In

Separately, Investec raised Volex from a “hold” rating to a “buy” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

About Volex

Volex plc is a United Kingdom-based manufacturer of integrated manufacturing services and critical connectivity solutions. The company designs and produces power cords, cable assemblies, data connectivity products and related electronic components used in a range of industrial and commercial applications.

Its products serve markets including healthcare, industrial technology, complex industrial systems, consumer electronics, electric vehicles and other transportation applications. Volex also provides design, engineering, prototyping, assembly and supply-chain services, supporting customers from product development through volume manufacturing.

Volex operates a global manufacturing and distribution network serving customers across North America, Europe and Asia.