Valens Semiconductor Ltd. (NYSE:VLN) Short Interest Down 37.8% in May

Valens Semiconductor Ltd. (NYSE:VLN - Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 129,600 shares, a drop of 37.8% from the April 30th total of 208,200 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 300,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VLN. State of Tennessee Department of Treasury acquired a new position in Valens Semiconductor in the fourth quarter valued at about $35,000. Occudo Quantitative Strategies LP acquired a new position in Valens Semiconductor in the fourth quarter valued at about $40,000. Wolverine Trading LLC acquired a new position in Valens Semiconductor in the fourth quarter valued at about $43,000. Two Sigma Securities LLC raised its stake in Valens Semiconductor by 35.3% in the fourth quarter. Two Sigma Securities LLC now owns 18,541 shares of the company's stock valued at $48,000 after purchasing an additional 4,838 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Valens Semiconductor in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 33.90% of the company's stock.

Wall Street Analyst Weigh In

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

Valens Semiconductor Stock Down 1.3%

Shares of VLN traded down $0.03 during midday trading on Monday, reaching $2.21. 160,644 shares of the stock were exchanged, compared to its average volume of 368,284. Valens Semiconductor has a twelve month low of $1.67 and a twelve month high of $3.50. The company has a market cap of $235.02 million, a P/E ratio of -8.84 and a beta of 0.28. The stock's 50 day simple moving average is $2.30 and its 200 day simple moving average is $2.35.

Valens Semiconductor (NYSE:VLN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $16.83 million during the quarter, compared to analyst estimates of $16.48 million. Valens Semiconductor had a negative net margin of 41.94% and a negative return on equity of 14.05%. As a group, analysts predict that Valens Semiconductor will post -0.33 earnings per share for the current year.

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.