Vylor (NYSE:VYLR) Stock Short Interest Report for October

Key Points

• Short interest increased significantly: As of October 15, 14.99 million Vylor shares were sold short, representing 2.2% of shares outstanding and a short-interest ratio of 1.8 days.
• Analyst sentiment remains positive overall: Vylor has an average “Moderate Buy” rating and an average price target of $82.67, compared with a recent trading price of $72.24.
• Vylor announced shareholder returns: The company declared a quarterly dividend of $0.13 per share and authorized a $3 billion share-buyback program covering up to 6.3% of outstanding shares.

Vylor (NYSE:VYLR - Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 14,989,198 shares. Based on an average trading volume of 8,357,504 shares, the short-interest ratio is presently 1.8 days. Currently, 2.2% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VYLR. Oppenheimer started coverage on shares of Vylor in a report on Tuesday, October 6th. They issued an "outperform" rating and a $82.00 target price for the company. The Goldman Sachs Group began coverage on shares of Vylor in a research note on Thursday, October 8th. They set a "buy" rating and a $87.00 price target for the company. Weiss Ratings upgraded shares of Vylor from a "sell (d+)" rating to a "hold (c+)" rating in a report on Friday, October 16th. Vertical Research downgraded shares of Vylor from a "buy" rating to a "hold" rating and set a $74.00 price target on the stock. in a report on Monday, October 19th. Finally, UBS Group initiated coverage on shares of Vylor in a research report on Monday, October 12th. They issued a "buy" rating and a $89.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $82.67.

Vylor Stock Down 0.6%

Vylor stock traded down $0.44 during mid-day trading on Friday, hitting $72.24. The company's stock had a trading volume of 3,429,110 shares, compared to its average volume of 5,529,306. Vylor has a one year low of $65.00 and a one year high of $77.39.

Vylor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 30th.

Vylor announced that its Board of Directors has initiated a share buyback plan on Thursday, October 22nd that authorizes the company to repurchase $3 billion in shares. This buyback authorization authorizes the company to repurchase up to 6.3% of its shares through open market purchases. Share buyback plans are often a sign that the company's board believes its shares are undervalued.

About Vylor

Vylor Inc is a seed and genetics company. It develops and supplies germplasm for farmers to improve crop health and produce higher yields. Vylor Inc is based in JOHNSTON, Iowa.

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