Volex plc (OTCMKTS:VLXGF – Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,439 shares, a drop of 74.0% from the April 15th total of 5,540 shares. Based on an average daily volume of 172 shares, the days-to-cover ratio is currently 8.4 days.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group restated a “buy” rating on shares of Volex in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Volex presently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on Volex
Volex Trading Down 3.3%
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.
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