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

Valens Semiconductor Ltd. (NYSE:VLN) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 175,600 shares, a decrease of 23.5% from the March 31st total of 229,600 shares. Based on an average daily volume of 292,400 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. IGP Investments G.P.L.P LP purchased a new position in shares of Valens Semiconductor during the fourth quarter worth $8,550,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Valens Semiconductor by 20.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,698,749 shares of the company’s stock worth $7,179,000 after buying an additional 458,700 shares during the period. Phoenix Holdings Ltd. boosted its position in shares of Valens Semiconductor by 347.2% during the third quarter. Phoenix Holdings Ltd. now owns 1,506,171 shares of the company’s stock worth $4,006,000 after buying an additional 1,169,386 shares during the period. Herald Investment Management Ltd boosted its position in shares of Valens Semiconductor by 16.0% during the third quarter. Herald Investment Management Ltd now owns 998,963 shares of the company’s stock worth $2,657,000 after buying an additional 137,826 shares during the period. Finally, AI Squared Management Ltd purchased a new position in shares of Valens Semiconductor during the fourth quarter worth $2,044,000. 33.90% of the stock is currently owned by hedge funds and other institutional investors.

Valens Semiconductor Trading Down 3.7 %

Valens Semiconductor stock traded down $0.09 during mid-day trading on Friday, hitting $2.33. The company’s stock had a trading volume of 374,224 shares, compared to its average volume of 351,665. The firm has a market capitalization of $242.69 million, a PE ratio of -12.26 and a beta of 0.32. Valens Semiconductor has a 1 year low of $1.91 and a 1 year high of $2.80. The stock’s fifty day moving average is $2.30 and its two-hundred day moving average is $2.30.

Valens Semiconductor (NYSE:VLN) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.07. The company had revenue of $21.94 million during the quarter, compared to analyst estimates of $21.80 million. Valens Semiconductor had a negative return on equity of 12.05% and a negative net margin of 23.36%. On average, equities analysts expect that Valens Semiconductor will post -0.22 EPS for the current fiscal year.

Valens Semiconductor Company Profile

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.