Short Interest in Velan Inc. (OTCMKTS:VLNSF) Increases By 54.9%

Velan Inc. (OTCMKTS:VLNSF) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 7,900 shares, a growth of 54.9% from the February 13th total of 5,100 shares. Based on an average daily volume of 600 shares, the short-interest ratio is currently 13.2 days.

Velan Stock Performance

OTCMKTS VLNSF remained flat at $10.08 during trading hours on Friday. The firm has a 50 day simple moving average of $10.31 and a two-hundred day simple moving average of $8.05. Velan has a 12 month low of $3.80 and a 12 month high of $12.52.

About Velan

Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.