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

Valens Semiconductor Ltd. (NYSE:VLN) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 357,400 shares, a growth of 49.4% from the January 31st total of 239,200 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 721,900 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, ThinkEquity upgraded Valens Semiconductor to a “strong-buy” rating in a report on Monday, December 2nd.

Valens Semiconductor Price Performance

Shares of NYSE VLN traded up $0.14 during mid-day trading on Tuesday, reaching $2.17. 259,423 shares of the company’s stock traded hands, compared to its average volume of 567,893. The business has a 50-day simple moving average of $2.65 and a 200 day simple moving average of $2.24. The stock has a market cap of $230.23 million, a P/E ratio of -8.66 and a beta of 0.32. Valens Semiconductor has a 1-year low of $1.67 and a 1-year high of $3.50.

Hedge Funds Weigh In On Valens Semiconductor

A number of hedge funds have recently added to or reduced their stakes in VLN. ARK Investment Management LLC purchased a new stake in shares of Valens Semiconductor in the third quarter worth approximately $1,362,000. IGP Investments G.P.L.P LP bought a new stake in Valens Semiconductor during the fourth quarter worth $8,996,000. Sphera Management Technology Funds Ltd purchased a new stake in Valens Semiconductor in the 4th quarter valued at $1,030,000. Occudo Quantitative Strategies LP bought a new position in Valens Semiconductor during the 4th quarter valued at $40,000. Finally, State of Tennessee Department of Treasury purchased a new position in Valens Semiconductor during the 4th quarter worth $35,000. Institutional investors and hedge funds own 33.90% of the company’s stock.

Valens Semiconductor Company Profile

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.