Valens Semiconductor Ltd. Experiences Notable Decrease in Short Interest

Valens Semiconductor Ltd. (NYSE:VLN - Get Free Report) has experienced a significant decline in short interest over the month of January. As of January 31st, the total short interest stood at 239,200 shares, representing a decrease of 24.6% from the 317,100 shares reported on January 15th. This decline indicates that only 0.3% of the company’s shares are currently sold short. With an average daily trading volume of 683,500 shares, the short-interest ratio is currently measured at 0.3 days.

Analysts Provide New Price Targets

In addition to the changes in short interest, analysts have been adjusting their ratings for Valens Semiconductor. ThinkEquity recently upgraded the stock to a "strong-buy" rating in a research update shared on December 2nd.

Valens Semiconductor's Stock Performance

The stock opened at $2.51 on the preceding Friday, with its performance over the past year showing a low of $1.67 and a high of $3.50. Currently, the stock's 50-day simple moving average is at $2.56, while its 200-day moving average is $2.24.

Investors' Perspective on Valens Semiconductor

Recent activity from large investors demonstrates a growing interest in Valens Semiconductor. Value Base Ltd. acquired a new position worth approximately $53.67 million in the fourth quarter. Similarly, IGP Investments G.P.L.P LP invested around $8.996 million in new stakes during the same quarter. Notably, ARK Investment Management LLC also made a new acquisition valued at approximately $1.36 million in the third quarter. Renaissance Technologies LLC boosted its holdings by 41.4% in the fourth quarter, now owning 1,001,930 shares worth $2.605 million after purchasing an additional 293,230 shares. Walleye Capital LLC increased its stake by 86.3%, now holding 322,993 shares valued at $840,000 after acquiring an additional 149,642 shares. Overall, institutional investors own 33.90% of Valens Semiconductor's stock.

About Valens Semiconductor

Valens Semiconductor Ltd. specializes in the development of semiconductor products tailored for the audio-video and automotive industries. One of the company’s flagship offerings is HDBaseT technology, which facilitates the simultaneous transmission of ultra-high-definition digital video, audio, Ethernet, USB, control signals, and power through a single long-reach cable.

Valens, Semiconductor, Stock