Short Interest in Valens Semiconductor Ltd. (NYSE:VLN) Drops By 22.0%

Valens Semiconductor Ltd. (NYSE:VLN) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 278,800 shares, a drop of 22.0% from the February 13th total of 357,400 shares. Based on an average daily trading volume, of 658,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

Analyst Ratings Changes

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

Valens Semiconductor Trading Up 3.5 %

VLN stock traded up $0.08 during midday trading on Tuesday, hitting $2.20. 198,544 shares of the company’s stock were exchanged, compared to its average volume of 377,835. Valens Semiconductor has a 12-month low of $1.67 and a 12-month high of $3.50. The firm has a 50 day moving average price of $2.57 and a 200-day moving average price of $2.24. The stock has a market capitalization of $233.42 million, a price-to-earnings ratio of -8.78 and a beta of 0.34.

Institutional Investors Weigh In On Valens Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of VLN. State of Tennessee Department of Treasury bought a new stake in shares of Valens Semiconductor in the 4th quarter valued at approximately $35,000. Occudo Quantitative Strategies LP bought a new stake in shares of Valens Semiconductor in the 4th quarter valued at approximately $40,000. Wolverine Trading LLC bought a new stake in shares of Valens Semiconductor in the 4th quarter valued at approximately $43,000. Two Sigma Securities LLC increased its holdings in shares of Valens Semiconductor by 35.3% in the 4th quarter. Two Sigma Securities LLC now owns 18,541 shares of the company’s stock valued at $48,000 after acquiring an additional 4,838 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Valens Semiconductor in the 4th quarter valued at approximately $52,000. 33.90% of the stock is currently owned by hedge funds and other institutional investors.

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.