Valens Semiconductor Ltd. (NYSE:VLN) Short Interest Update

Valens Semiconductor Ltd. (NYSE:VLN) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 239,200 shares, a decrease of 24.6% from the January 15th total of 317,100 shares. Based on an average daily trading volume, of 683,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Valens Semiconductor

A number of hedge funds have recently made changes to their positions in VLN. ARK Investment Management LLC bought a new position in shares of Valens Semiconductor in the third quarter worth about $1,362,000. Oppenheimer & Co. Inc. boosted its stake in shares of Valens Semiconductor by 24.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 273,797 shares of the company’s stock worth $712,000 after acquiring an additional 53,155 shares during the period. IGP Investments G.P.L.P LP bought a new position in shares of Valens Semiconductor in the fourth quarter worth about $8,996,000. Value Base Ltd. bought a new position in shares of Valens Semiconductor in the fourth quarter worth about $53,672,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Valens Semiconductor in the fourth quarter worth about $109,000. Institutional investors own 33.90% of the company’s stock.

Valens Semiconductor Stock Performance

Shares of NYSE VLN traded up $0.19 during mid-day trading on Friday, reaching $2.71. The company’s stock had a trading volume of 1,417,948 shares, compared to its average volume of 581,599. The stock has a fifty day moving average of $2.58 and a two-hundred day moving average of $2.24. Valens Semiconductor has a 52 week low of $1.67 and a 52 week high of $3.50.

Analyst Upgrades and Downgrades

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

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.