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

Valens Semiconductor Ltd. (NYSE:VLN) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 278,800 shares, a decrease of 22.0% from the February 13th total of 357,400 shares. Based on an average daily volume of 658,100 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State of Tennessee Department of Treasury acquired a new position in shares of Valens Semiconductor during the 4th quarter worth approximately $35,000. Wolverine Trading LLC acquired a new stake in shares of Valens Semiconductor during the 4th quarter worth approximately $43,000. Occudo Quantitative Strategies LP bought a new position in Valens Semiconductor in the 4th quarter valued at approximately $40,000. Two Sigma Securities LLC lifted its stake in Valens Semiconductor by 35.3% in the 4th quarter. Two Sigma Securities LLC now owns 18,541 shares of the company’s stock valued at $48,000 after purchasing an additional 4,838 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Valens Semiconductor in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 33.90% of the company’s stock.

Valens Semiconductor Stock Performance

VLN traded up $0.10 on Monday, reaching $2.13. The company had a trading volume of 216,551 shares, compared to its average volume of 501,472. Valens Semiconductor has a fifty-two week low of $1.67 and a fifty-two week high of $3.50. The stock has a market cap of $225.98 million, a P/E ratio of -8.54 and a beta of 0.34. The company’s fifty day moving average is $2.58 and its 200 day moving average is $2.24.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity upgraded shares of Valens Semiconductor to a “strong-buy” rating in a research note on Monday, December 2nd.

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.