Volex plc (OTCMKTS:VLXGF – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 540 shares, a growth of 125.0% from the August 31st total of 240 shares. Based on an average daily trading volume, of 418 shares, the days-to-cover ratio is presently 1.3 days.
Wall Street Analysts Forecast Growth
Separately, Investec raised shares of Volex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Volex has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on VLXGF
Volex Price Performance
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.
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