Short Interest in Valens Semiconductor, Ltd. (NYSE:VLN) Increases By 31.0%

Key Points

• Valens Semiconductor's short interest surged by 31.0% in August, with total short interest reaching 554,400 shares as of August 15th, compared to 423,300 shares at the end of July.
• Approximately 33.90% of Valens Semiconductor's stock is owned by institutional investors and hedge funds, indicating significant interest from large investors.
• Valens Semiconductor's stock price increased by 0.8% on a recent trading day, with a closing price of $1.97 and a market cap of $208.96 million.

Valens Semiconductor, Ltd. (NYSE:VLN - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 554,400 shares, an increase of 31.0% from the July 31st total of 423,300 shares. Based on an average daily trading volume, of 669,700 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 669,700 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Valens Semiconductor

Several institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP boosted its position in shares of Valens Semiconductor by 84.5% during the 2nd quarter. Marshall Wace LLP now owns 520,062 shares of the company's stock worth $1,368,000 after purchasing an additional 238,228 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Valens Semiconductor by 417.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 86,081 shares of the company's stock worth $226,000 after buying an additional 69,439 shares during the last quarter. Creative Planning acquired a new position in shares of Valens Semiconductor during the 2nd quarter worth $213,000. ARK Investment Management LLC raised its stake in shares of Valens Semiconductor by 23.4% during the 2nd quarter. ARK Investment Management LLC now owns 700,342 shares of the company's stock worth $1,842,000 after buying an additional 132,589 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Valens Semiconductor by 21.0% during the 1st quarter. Acadian Asset Management LLC now owns 671,323 shares of the company's stock worth $1,360,000 after buying an additional 116,407 shares during the last quarter. 33.90% of the stock is currently owned by hedge funds and other institutional investors.

Valens Semiconductor Stock Down 3.1%

NYSE:VLN traded down $0.06 during midday trading on Friday, reaching $1.85. The stock had a trading volume of 455,695 shares, compared to its average volume of 538,287. The stock has a market cap of $196.73 million, a P/E ratio of -5.78 and a beta of 0.26. Valens Semiconductor has a 12-month low of $1.67 and a 12-month high of $3.50. The firm has a fifty day simple moving average of $2.33 and a two-hundred day simple moving average of $2.29.

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.