Short Interest in Valens Semiconductor, Ltd. (NYSE:VLN) Drops By 20.1%

Key Points

• Valens Semiconductor, Ltd. (NYSE:VLN) experienced a 20.1% decrease in short interest in August, with total shares sold short dropping from 554,400 to 442,700.
• The company's stock traded at $1.94 on Thursday, with an average daily trading volume of 712,200 shares and a 52-week range between $1.67 and $3.50.
• Notable institutional investors significantly increased their stakes in Valens Semiconductor, with 33.90% of the stock now owned by these investors.

Valens Semiconductor, Ltd. (NYSE:VLN - Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 442,700 shares, a decline of 20.1% from the August 15th total of 554,400 shares. Based on an average trading volume of 712,200 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.6% of the company's stock are short sold. Currently, 0.6% of the company's stock are short sold. Based on an average trading volume of 712,200 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its position in shares of Valens Semiconductor by 106.3% during the fourth quarter. Northern Trust Corp now owns 59,100 shares of the company's stock valued at $154,000 after buying an additional 30,448 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Valens Semiconductor during the 4th quarter valued at about $52,000. Ameriprise Financial Inc. grew its stake in shares of Valens Semiconductor by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,421,482 shares of the company's stock worth $3,696,000 after acquiring an additional 4,100 shares during the period. Bank of America Corp DE raised its holdings in shares of Valens Semiconductor by 1,266.5% during the fourth quarter. Bank of America Corp DE now owns 120,420 shares of the company's stock valued at $313,000 after purchasing an additional 111,608 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Valens Semiconductor by 389.8% during the fourth quarter. Millennium Management LLC now owns 614,577 shares of the company's stock valued at $1,598,000 after purchasing an additional 489,108 shares during the last quarter. Hedge funds and other institutional investors own 33.90% of the company's stock.

Valens Semiconductor Stock Performance

Shares of NYSE:VLN traded up $0.03 during trading on Monday, reaching $1.97. 697,989 shares of the stock traded hands, compared to its average volume of 672,375. The stock has a market cap of $208.96 million, a P/E ratio of -6.14 and a beta of 0.26. The stock has a 50-day moving average of $2.23 and a two-hundred day moving average of $2.28. 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.