Short Interest in Valens Semiconductor Ltd. (NYSE:VLN) Expands By 49.4%

Valens Semiconductor Ltd. (NYSE:VLN) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 357,400 shares, an increase of 49.4% from the January 31st total of 239,200 shares. Based on an average daily trading volume, of 721,900 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Trading of Valens Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC purchased a new stake in shares of Valens Semiconductor during the third quarter worth about $1,362,000. IGP Investments G.P.L.P LP acquired a new position in Valens Semiconductor in the 4th quarter valued at $8,996,000. Sphera Management Technology Funds Ltd purchased a new position in shares of Valens Semiconductor during the 4th quarter worth $1,030,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Valens Semiconductor during the fourth quarter worth $40,000. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Valens Semiconductor in the fourth quarter valued at $35,000. 33.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity raised Valens Semiconductor to a “strong-buy” rating in a report on Monday, December 2nd.

Valens Semiconductor Trading Up 6.7 %

Shares of Valens Semiconductor stock opened at $2.17 on Wednesday. The company has a 50-day moving average of $2.66 and a two-hundred day moving average of $2.24. The stock has a market cap of $230.23 million, a PE ratio of -8.66 and a beta of 0.32. Valens Semiconductor has a 12-month low of $1.67 and a 12-month high of $3.50.

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.