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

Key Points

• Valens Semiconductor experienced a sharp increase in short interest, rising 59.3% to 174,400 shares as of July 15th, indicating growing bearish sentiment among investors.
• The company's stock price has shown slight growth of 1.2%, currently trading at $2.11, with a market cap of approximately $223.85 million.
• Recently, Needham & Company restated a "buy" rating for Valens Semiconductor with a price target of $4.00, signaling potential upside according to analysts.

Valens Semiconductor, Ltd. (NYSE:VLN - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 174,400 shares, agrowthof59.3% from the June 30th total of 109,500 shares. Approximately0.2% of the shares of the company are short sold. Based on an average daily volume of 463,900 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 463,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. ARK Investment Management LLC purchased a new stake in Valens Semiconductor during the 1st quarter valued at about $1,158,000. Two Sigma Investments LP boosted its holdings in shares of Valens Semiconductor by 75.2% during the 4th quarter. Two Sigma Investments LP now owns 393,152 shares of the company's stock valued at $1,022,000 after buying an additional 168,736 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Valens Semiconductor by 3.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 284,608 shares of the company's stock valued at $581,000 after buying an additional 10,811 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Valens Semiconductor during the 4th quarter valued at $61,000. Finally, Bank of America Corp DE boosted its holdings in shares of Valens Semiconductor by 1,266.5% during the 4th quarter. Bank of America Corp DE now owns 120,420 shares of the company's stock valued at $313,000 after buying an additional 111,608 shares in the last quarter. 33.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a "buy" rating and set a $4.00 target price on shares of Valens Semiconductor in a research report on Thursday, May 8th.

Valens Semiconductor Stock Performance

VLN traded up $0.06 on Monday, reaching $2.12. The company had a trading volume of 486,447 shares, compared to its average volume of 503,263. The business has a 50 day simple moving average of $2.46 and a 200 day simple moving average of $2.36. The company has a market cap of $224.91 million, a price-to-earnings ratio of -6.55 and a beta of 0.27. Valens Semiconductor has a 52-week low of $1.67 and a 52-week high of $3.50.

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.