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

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

Velan Price Performance

Shares of VLNSF stock remained flat at $10.08 on Friday. Velan has a twelve month low of $3.80 and a twelve month high of $12.52. The company’s 50 day moving average is $10.31 and its two-hundred day moving average is $8.05.

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.