Valvoline (VVV) Short Interest Update
Valvoline (NYSE:VVV) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,551,960 shares, an increase of Infinity from the September 15th total of 0 shares. Based on an average daily volume of 4,423,804 shares, the days-to-cover ratio is presently 0.8 days. Currently, 10.3% of the company’s shares are sold short.
In other Valvoline news, CFO Mary E. Meixelsperger bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average price of $22.00 per share, for a total transaction of $55,000.00. Following the transaction, the chief financial officer now directly owns 2,500 shares in the company, valued at $55,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen E. Macadam bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The stock was acquired at an average price of $22.00 per share, for a total transaction of $110,000.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $110,000. The disclosure for this purchase can be found here.
A number of brokerages recently commented on VVV. Seaport Global Securities began coverage on shares of Valvoline in a research report on Monday, September 26th. They issued a “buy” rating and a $27.00 target price on the stock. Monness Crespi & Hardt assumed coverage on shares of Valvoline in a report on Tuesday, September 27th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Gabelli assumed coverage on shares of Valvoline in a report on Wednesday, September 21st. They issued a “buy” rating and a $29.00 price target on the stock.
Shares of Valvoline (NYSE:VVV) opened at 23.28 on Monday. The firm has a 50-day moving average of $23.28 and a 200-day moving average of $23.28. The company has a market cap of $4.66 billion and a price-to-earnings ratio of 19.34. Valvoline has a one year low of $22.60 and a one year high of $24.51.
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