Velan Inc. (OTCMKTS:VLNSF) Short Interest Update

Velan Inc. (OTCMKTS:VLNSF) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,900 shares, a decline of 20.8% from the December 15th total of 2,400 shares. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is currently 0.9 days.

Velan Trading Up 5.2 %

OTCMKTS:VLNSF opened at $8.10 on Wednesday. Velan has a one year low of $3.80 and a one year high of $8.64. The business’s 50-day simple moving average is $7.73 and its 200 day simple moving average is $6.16.

About Velan

Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.