Short Interest in Valeo S.A. (OTCMKTS:VLEEY) Grows By 161.7%
by Sarita Garza · The Markets DailyValeo S.A. (OTCMKTS:VLEEY – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 13,056 shares, a growth of 161.7% from the July 15th total of 4,988 shares. Based on an average daily volume of 8,920 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.0% of the company’s shares are short sold.
Valeo Trading Up 0.1%
Shares of OTCMKTS VLEEY opened at $8.40 on Friday. The company has a 50 day simple moving average of $7.83 and a two-hundred day simple moving average of $7.20. Valeo has a fifty-two week low of $5.62 and a fifty-two week high of $9.93. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Citigroup reiterated a “neutral” rating on shares of Valeo in a report on Tuesday. Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Valeo currently has a consensus rating of “Hold”.
Check Out Our Latest Report on VLEEY
Valeo Company Profile
Valeo is a global automotive supplier headquartered in the Paris region, with its American depositary shares trading OTC under the symbol VLEEY. Founded in France in the early 20th century, the company has grown to serve original equipment manufacturers, automakers and the aftermarket with a comprehensive portfolio of mobility solutions. Valeo’s mission centers on providing innovative systems and components that enhance vehicle performance, safety and environmental sustainability.
The company operates across four main business segments.