Volex plc (OTCMKTS:VLXGF – Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 41,128 shares, an increase of 582.7% from the May 31st total of 6,024 shares. Based on an average trading volume of 29,896 shares, the days-to-cover ratio is currently 1.4 days.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Investec cut shares of Volex to a “hold” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Volex in a report on Sunday, April 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on Volex
Volex Stock Down 1.7%
About Volex
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.
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