Valens Semiconductor, Ltd. (NYSE:VLN) Short Interest Up 59.3% in July

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 increase in short interest in July. As of July 15th, there was short interest totaling 174,400 shares, anincreaseof59.3% from the June 30th total of 109,500 shares. Based on an average daily trading volume, of 463,900 shares, the days-to-cover ratio is currently 0.4 days. Currently,0.2% of the shares of the stock are sold short. Currently,0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 463,900 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

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

Valens Semiconductor Trading Down 2.4%

Shares of Valens Semiconductor stock traded down $0.05 on Friday, reaching $2.07. The stock had a trading volume of 1,070,804 shares, compared to its average volume of 1,144,785. Valens Semiconductor has a 1 year low of $1.67 and a 1 year high of $3.50. The company has a market cap of $220.12 million, a P/E ratio of -6.47 and a beta of 0.27. The business's 50 day moving average is $2.46 and its two-hundred day moving average is $2.37.

Valens Semiconductor (NYSE:VLN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). Valens Semiconductor had a negative return on equity of 21.26% and a negative net margin of 49.80%. The firm had revenue of $16.83 million during the quarter, compared to analysts' expectations of $16.48 million. On average, equities analysts anticipate that Valens Semiconductor will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Tennessee Department of Treasury purchased a new position in shares of Valens Semiconductor during the fourth quarter worth about $35,000. Occudo Quantitative Strategies LP purchased a new position in shares of Valens Semiconductor during the fourth quarter worth about $40,000. Wolverine Trading LLC purchased a new position in shares of Valens Semiconductor during the fourth quarter worth about $43,000. Two Sigma Securities LLC grew its holdings in shares of Valens Semiconductor by 35.3% during the fourth quarter. Two Sigma Securities LLC now owns 18,541 shares of the company's stock worth $48,000 after purchasing an additional 4,838 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Valens Semiconductor during the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 33.90% of the company's stock.

About Valens Semiconductor

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.