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

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

Valens Semiconductor Stock Up 0.9%

NYSE:VLN traded up $0.02 during trading hours on Wednesday, reaching $2.20. 205,240 shares of the stock were exchanged, compared to its average volume of 368,642. The business has a 50-day moving average of $2.30 and a two-hundred day moving average of $2.35. Valens Semiconductor has a twelve month low of $1.67 and a twelve month high of $3.50. The company has a market capitalization of $233.95 million, a price-to-earnings ratio of -8.80 and a beta of 0.28.

Valens Semiconductor (NYSE:VLN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). The business 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%. On average, research analysts forecast that Valens Semiconductor will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Valens Semiconductor

Several hedge funds have recently made changes to their positions in VLN. Ameriprise Financial Inc. grew its holdings in shares of Valens Semiconductor by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,421,482 shares of the company's stock worth $3,696,000 after buying an additional 4,100 shares during the last quarter. Two Sigma Securities LLC boosted its stake in shares of Valens Semiconductor by 35.3% during the 4th quarter. Two Sigma Securities LLC now owns 18,541 shares of the company's stock worth $48,000 after acquiring an additional 4,838 shares in the last quarter. Oppenheimer & Co. Inc. raised its position 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 worth $581,000 after purchasing an additional 10,811 shares during the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of Valens Semiconductor during the 4th quarter worth approximately $35,000. Finally, Wolverine Trading LLC acquired a new position in shares of Valens Semiconductor during the 4th quarter worth approximately $43,000. 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.