Short Interest in Visteon Corporation (NASDAQ:VC) Grows By 19.5%

Visteon Corporation (NASDAQ:VC) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,206,005 shares, a growth of 19.5% from the January 15th total of 1,846,190 shares. Approximately 8.2% of the shares of the stock are sold short. Based on an average daily volume of 579,994 shares, the short-interest ratio is currently 3.8 days. Based on an average daily volume of 579,994 shares, the short-interest ratio is currently 3.8 days. Approximately 8.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several research analysts have weighed in on VC shares. Royal Bank Of Canada upped their price target on Visteon from $136.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Zacks Research downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Wolfe Research lowered shares of Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. Robert W. Baird set a $126.00 price target on shares of Visteon in a report on Wednesday, January 14th. Finally, Morgan Stanley boosted their price target on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.15.

Institutional Investors Weigh In On Visteon

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of Visteon by 389.3% in the first quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after buying an additional 17,497 shares during the period. Goldman Sachs Group Inc. grew its position in Visteon by 31.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after acquiring an additional 59,764 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Visteon by 29.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,677 shares of the company’s stock valued at $623,000 after acquiring an additional 1,519 shares during the last quarter. CWM LLC increased its stake in Visteon by 277.2% in the second quarter. CWM LLC now owns 7,815 shares of the company’s stock worth $729,000 after purchasing an additional 5,743 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Visteon during the second quarter worth $232,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Trading Up 1.8%

VC opened at $106.14 on Thursday. The stock has a 50-day moving average of $98.28 and a 200 day moving average of $108.72. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10. The firm has a market cap of $2.90 billion, a P/E ratio of 9.54 and a beta of 1.16.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.