Valeo S.A. (OTCMKTS:VLEEY) Sees Large Decline in Short Interest

by · The Markets Daily

Valeo S.A. (OTCMKTS:VLEEY – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 683 shares, a decrease of 89.0% from the September 30th total of 6,227 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 7,461 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of research firms recently commented on VLEEY. Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a research note on Thursday, July 16th. Citigroup reissued a “neutral” rating on shares of Valeo in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group upgraded shares of Valeo from a “hold” rating to a “buy” rating in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Read Our Latest Stock Report on Valeo

Valeo Stock Performance

VLEEY traded up $0.17 during trading on Monday, reaching $6.55. 11,103 shares of the stock traded hands, compared to its average volume of 5,074. The stock’s 50-day moving average is $8.10 and its 200 day moving average is $7.67. Valeo has a 12 month low of $5.62 and a 12 month high of $9.93.

Valeo Company Profile

(Get Free Report)

Valeo SE is a France-based automotive technology supplier that develops and manufactures systems and components for vehicle manufacturers and the automotive aftermarket. The company supplies products designed to support vehicle electrification, driver assistance, safety, comfort and improved energy efficiency.

Its product portfolio includes electric powertrain and charging technologies, thermal-management systems, lighting and visibility products, electrical and electronic systems, and advanced driver-assistance technologies.

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