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

Valens Semiconductor Ltd. (NYSE:VLN) 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) 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP increased its stake in shares of Valens Semiconductor by 355.5% in the second quarter. Marshall Wace LLP now owns 87,461 shares of the company’s stock valued at $279,000 after buying an additional 68,260 shares in the last quarter. Renaissance Technologies LLC increased its position in Valens Semiconductor by 23.3% in the second quarter. Renaissance Technologies LLC now owns 634,300 shares of the company’s stock worth $2,023,000 after purchasing an additional 119,900 shares during the period. Acadian Asset Management LLC acquired a new stake in Valens Semiconductor in the second quarter worth about $401,000. Finally, Oppenheimer & Co. Inc. increased its position in Valens Semiconductor by 14.6% in the first quarter. Oppenheimer & Co. Inc. now owns 154,795 shares of the company’s stock worth $364,000 after purchasing an additional 19,727 shares during the period. 33.90% of the stock is owned by institutional investors.

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.