Short Interest in Volex plc (OTCMKTS:VLXGF) Expands By 3,011.0%

Volex plc (OTCMKTS:VLXGF) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,111 shares, an increase of 3,011.0% from the June 30th total of 100 shares. Based on an average trading volume of 4,570 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

VLXGF has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Volex in a research note on Sunday, April 26th. Investec raised shares of Volex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Volex currently has an average rating of “Buy”.

Volex Stock Performance

Shares of OTCMKTS VLXGF opened at $7.20 on Friday. Volex has a 1 year low of $4.73 and a 1 year high of $9.53. The firm’s 50 day moving average price is $7.86 and its 200 day moving average price is $7.07.

About Volex

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords. It also offers plugs, connectors, and receptacles. Its products are used in complex industrial technology, consumer electronics, electric vehicle, and medical markets.