Valeo S.A. (OTCMKTS:VLEEY) Sees Large Decline in Short Interest

Valeo S.A. (OTCMKTS:VLEEY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 683 shares, a decline of 89.0% from the September 30th total of 6,227 shares. Based on an average daily trading volume, of 7,461 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Valeo in a research report on Tuesday, August 11th. Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a research report on Thursday, July 16th. Finally, Jefferies Financial Group raised shares of Valeo from a “hold” rating to a “buy” rating in a research note on Tuesday, September 22nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Valeo Stock Performance

VLEEY stock traded up $0.17 during midday trading on Monday, reaching $6.55. 11,103 shares of the company’s stock traded hands, compared to its average volume of 5,074. The firm’s fifty day moving average price is $8.10 and its 200-day moving average price is $7.67. Valeo has a 52 week low of $5.62 and a 52 week high of $9.93.

About Valeo

Valeo SE is a France-based automotive technology supplier that develops and manufactures systems and components for vehicle manufacturers and the automotive aftermarket. The company supplies products designed to support vehicle electrification, driver assistance, safety, comfort and improved energy efficiency.

Its product portfolio includes electric powertrain and charging technologies, thermal-management systems, lighting and visibility products, electrical and electronic systems, and advanced driver-assistance technologies.