Valens Semiconductor Ltd. (NYSE:VLN – Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 159,700 shares, a drop of 46.6% from the September 30th total of 299,100 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 187,700 shares, the short-interest ratio is presently 0.9 days.
Valens Semiconductor Price Performance
Shares of Valens Semiconductor stock traded up $0.02 during midday trading on Friday, hitting $1.88. The company had a trading volume of 132,278 shares, compared to its average volume of 265,626. The business’s 50 day simple moving average is $2.07 and its two-hundred day simple moving average is $2.46. The stock has a market cap of $195.82 million, a PE ratio of -7.83 and a beta of 0.40. Valens Semiconductor has a 1-year low of $1.82 and a 1-year high of $3.39.
Valens Semiconductor (NYSE:VLN – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $12.80 million. Valens Semiconductor had a negative return on equity of 17.06% and a negative net margin of 46.71%. On average, sell-side analysts expect that Valens Semiconductor will post -0.37 EPS for the current fiscal year.
Institutional Inflows and Outflows
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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