V2X, Inc. (NYSE:VVX) Short Interest Up 17.5% in January

V2X, Inc. (NYSE:VVX) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,110,000 shares, a growth of 17.5% from the January 15th total of 944,800 shares. Currently, 6.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 271,300 shares, the short-interest ratio is currently 4.1 days.

V2X Trading Down 3.4 %

Shares of NYSE VVX traded down $1.59 during midday trading on Monday, hitting $44.88. The company’s stock had a trading volume of 234,757 shares, compared to its average volume of 186,453. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $50.82 and its two-hundred day moving average is $54.74. V2X has a 12-month low of $37.58 and a 12-month high of $69.75. The firm has a market cap of $1.42 billion, a P/E ratio of 160.30, a price-to-earnings-growth ratio of 0.57 and a beta of 0.60.

Analyst Upgrades and Downgrades

VVX has been the topic of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of V2X in a research report on Friday, January 17th. Raymond James restated an “outperform” rating and set a $65.00 price objective (down from $72.00) on shares of V2X in a research report on Thursday, January 2nd. Royal Bank of Canada restated a “sector perform” rating and set a $58.00 price objective (down from $70.00) on shares of V2X in a research report on Thursday, December 19th. The Goldman Sachs Group assumed coverage on V2X in a research report on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective on the stock. Finally, Citigroup assumed coverage on V2X in a research report on Tuesday, January 21st. They set a “buy” rating and a $64.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, V2X currently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Insider Buying and Selling

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the sale, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On V2X

Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE raised its holdings in shares of V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after buying an additional 460 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of V2X by 24.1% in the fourth quarter. Ameritas Investment Partners Inc. now owns 1,482 shares of the company’s stock worth $71,000 after buying an additional 288 shares during the period. nVerses Capital LLC purchased a new stake in shares of V2X in the third quarter worth approximately $95,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of V2X by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock worth $114,000 after buying an additional 814 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of V2X in the fourth quarter worth approximately $134,000. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

V2X Company Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.