Volex plc (OTCMKTS:VLXGF) Short Interest Up 3,011.0% in July

Volex plc (OTCMKTS:VLXGF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 3,111 shares, an increase of 3,011.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 4,570 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Volex in a research report on Sunday, April 26th. Investec upgraded shares of Volex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Volex currently has a consensus rating of “Buy”.

Volex Price Performance

Volex stock traded up $0.18 during trading hours on Friday, hitting $7.20. 34,206 shares of the stock were exchanged, compared to its average volume of 8,055. The business’s 50-day moving average is $7.89 and its two-hundred day moving average is $7.07. Volex has a 12 month low of $4.73 and a 12 month high of $9.53.

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.