Valens Semiconductor, Ltd. (NYSE:VLN) Sees Large Growth in Short Interest

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 growth in short interest in August. As of August 15th, there was short interest totaling 554,400 shares, a growth of 31.0% from the July 31st total of 423,300 shares. Based on an average daily volume of 669,700 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 669,700 shares, the short-interest ratio is currently 0.8 days.

Valens Semiconductor Price Performance

Shares of NYSE VLN traded down $0.06 during midday trading on Friday, hitting $1.85. The stock had a trading volume of 455,695 shares, compared to its average volume of 538,287. The company's 50-day simple moving average is $2.33 and its 200 day simple moving average is $2.29. The firm 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 fifty-two week low of $1.67 and a fifty-two week high of $3.50.

Institutional Investors Weigh In On Valens Semiconductor

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

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.