Veoneer Inc (NYSE:VNE) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 8,712,900 shares, an increase of 6.6% from the June 30th total of 8,172,000 shares. Currently, 10.0% of the company’s shares are sold short. Based on an average trading volume of 855,500 shares, the short-interest ratio is presently 10.2 days.
Shares of VNE opened at $15.60 on Friday. The company has a current ratio of 3.07, a quick ratio of 2.80 and a debt-to-equity ratio of 0.13. Veoneer has a 1 year low of $14.75 and a 1 year high of $57.93. The stock has a market cap of $1.82 billion and a P/E ratio of -4.92. The stock’s 50-day moving average price is $16.82 and its two-hundred day moving average price is $21.82.
VNE has been the topic of several recent research reports. Robert W. Baird decreased their price target on Veoneer from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Zacks Investment Research upgraded Veoneer from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Saturday, July 27th. ValuEngine upgraded Veoneer from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Mizuho reduced their target price on Veoneer from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Finally, Credit Suisse Group initiated coverage on Veoneer in a report on Thursday, June 27th. They set a “neutral” rating and a $18.00 target price on the stock. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Veoneer currently has a consensus rating of “Hold” and a consensus price target of $32.92.
Veoneer Company Profile
Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe. It operates in two segments, Electronics and Brake Systems. The company provides automotive radars, night driving assist systems, positioning systems, advanced driver assistance systems (ADAS), night vision systems, brake control systems, electronic control units, active safety sensors, and controllers; mono-and stereo-vision cameras; and passive safety electronics, such as airbag control units and crash sensors.
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