Valens Semiconductor, Ltd. (NYSE:VLN) Short Interest Down 37.5% in September

Key Points

• Valens Semiconductor experienced a significant drop in short interest of 37.5% in September, reducing the total to 244,100 shares.
• Institutional investors now own 33.90% of Valens Semiconductor, with notable increases in stakes from companies like JPMorgan Chase & Co. and Creative Planning.
• The stock price of Valens Semiconductor has declined by 2.5% to $1.73, with a current market capitalization of $183.44 million.

Valens Semiconductor, Ltd. (NYSE:VLN - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 244,100 shares, a drop of 37.5% from the September 15th total of 390,300 shares. Based on an average trading volume of 840,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company's stock are sold short. Currently, 0.3% of the company's stock are sold short. Based on an average trading volume of 840,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Valens Semiconductor

Hedge funds have recently bought and sold shares of the business. St. Louis Trust Co bought a new stake in shares of Valens Semiconductor in the first quarter valued at $120,000. Creative Planning bought a new stake in shares of Valens Semiconductor in the second quarter valued at $213,000. JPMorgan Chase & Co. raised its stake in shares of Valens Semiconductor by 417.3% in the second quarter. JPMorgan Chase & Co. now owns 86,081 shares of the company's stock valued at $226,000 after buying an additional 69,439 shares during the period. XTX Topco Ltd raised its stake in shares of Valens Semiconductor by 100.8% in the first quarter. XTX Topco Ltd now owns 138,229 shares of the company's stock valued at $282,000 after buying an additional 69,389 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Valens Semiconductor by 3.9% in the first 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 during the period. 33.90% of the stock is currently owned by institutional investors.

Valens Semiconductor Stock Down 2.5%

Valens Semiconductor stock traded down $0.05 during mid-day trading on Wednesday, reaching $1.73. 1,047,123 shares of the company's stock were exchanged, compared to its average volume of 959,764. The business's fifty day simple moving average is $1.92 and its 200 day simple moving average is $2.23. The firm has a market capitalization of $183.44 million, a PE ratio of -5.39 and a beta of 0.24. Valens Semiconductor has a one year low of $1.67 and a one year high of $3.50.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Valens Semiconductor in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.00.

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.

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