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

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

Valens Semiconductor Stock Performance

Shares of Valens Semiconductor stock traded down $0.04 on Wednesday, hitting $2.16. The company had a trading volume of 134,247 shares, compared to its average volume of 377,437. The stock has a market capitalization of $229.70 million, a price-to-earnings ratio of -8.66 and a beta of 0.34. Valens Semiconductor has a 1 year low of $1.67 and a 1 year high of $3.50. The stock has a 50 day moving average of $2.56 and a 200-day moving average of $2.24.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Value Base Ltd. purchased a new stake in Valens Semiconductor during the fourth quarter valued at about $53,672,000. IGP Investments G.P.L.P LP purchased a new stake in Valens Semiconductor in the fourth quarter worth $8,996,000. Ameriprise Financial Inc. lifted its position in Valens Semiconductor by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,421,482 shares of the company’s stock valued at $3,696,000 after buying an additional 4,100 shares during the period. Renaissance Technologies LLC increased its holdings in Valens Semiconductor by 41.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,001,930 shares of the company’s stock worth $2,605,000 after buying an additional 293,230 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Valens Semiconductor by 389.8% during the 4th quarter. Millennium Management LLC now owns 614,577 shares of the company’s stock valued at $1,598,000 after buying an additional 489,108 shares in the last quarter. Institutional investors own 33.90% of the company’s stock.

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.