Valens Semiconductor Ltd. (NYSE:VLN) Short Interest Update

Valens Semiconductor Ltd. (NYSE:VLN) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 278,800 shares, a decline of 22.0% from the February 13th total of 357,400 shares. Based on an average trading volume of 658,100 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Valens Semiconductor

Several hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in Valens Semiconductor by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,421,482 shares of the company’s stock valued at $3,696,000 after acquiring an additional 4,100 shares during the last quarter. Two Sigma Securities LLC raised its position in shares of Valens Semiconductor by 35.3% during the fourth quarter. Two Sigma Securities LLC now owns 18,541 shares of the company’s stock worth $48,000 after purchasing an additional 4,838 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Valens Semiconductor during the 4th quarter worth approximately $35,000. Wolverine Trading LLC bought a new stake in Valens Semiconductor in the 4th quarter valued at $43,000. Finally, Occudo Quantitative Strategies LP bought a new stake in Valens Semiconductor in the 4th quarter valued at $40,000. 33.90% of the stock is owned by institutional investors.

Valens Semiconductor Trading Down 1.8 %

VLN stock traded down $0.04 during trading on Wednesday, hitting $2.16. The company had a trading volume of 134,247 shares, compared to its average volume of 377,437. The business has a 50 day moving average of $2.56 and a 200 day moving average of $2.24. The firm has a market capitalization of $229.70 million, a price-to-earnings ratio of -8.66 and a beta of 0.34. Valens Semiconductor has a fifty-two week low of $1.67 and a fifty-two week high of $3.50.

Analysts Set New Price Targets

Separately, ThinkEquity raised shares of Valens Semiconductor to a “strong-buy” rating in a research note on Monday, December 2nd.

About Valens Semiconductor

Valens Semiconductor Ltd. engages in the provision of semiconductor products for the audio-video and automotive industries. The company offers HDBaseT technology, which enables the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable.