Victrex PLC (OTCMKTS:VTXPF) Short Interest Up 58.1% in July

Key Points

• Short Interest Surge: Victrex PLC experienced a significant increase in short interest, rising by 58.1% from 11,700 shares at the end of June to 18,500 shares by mid-July.
• Days-to-Cover Ratio: With an average daily volume of 100 shares, the days-to-cover ratio is now 185.0 days, indicating a substantial wait for short-sellers to cover their positions.
• Stock Performance: Victrex shares opened at $9.19 and have a 50-day moving average of $10.33, showing a notable difference from its one-year low of $8.99.

Victrex PLC (OTCMKTS:VTXPF - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 18,500 shares, anincreaseof58.1% from the June 30th total of 11,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 185.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is presently 185.0 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Victrex in a report on Wednesday, April 16th.

Victrex Price Performance

Shares of OTCMKTS VTXPF remained flat at $9.19 during trading on Friday. Victrex has a fifty-two week low of $8.99 and a fifty-two week high of $13.24. The business has a fifty day moving average of $10.31 and a 200 day moving average of $10.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.58 and a current ratio of 3.81.

About Victrex

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.