Vecima Networks Inc. (OTCMKTS:VNWTF) Sees Significant Decline in Short Interest

Vecima Networks Inc. (OTCMKTS:VNWTF – Get Rating) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 300 shares, a decrease of 25.0% from the January 31st total of 400 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 0.8 days.

Vecima Networks Price Performance

Shares of VNWTF stock opened at $15.64 on Thursday. The business’s fifty day simple moving average is $14.40 and its 200-day simple moving average is $13.78. Vecima Networks has a 12-month low of $12.25 and a 12-month high of $16.50.

Analysts Set New Price Targets

A number of research analysts have recently commented on VNWTF shares. B. Riley upped their target price on Vecima Networks from C$27.00 to C$33.00 in a research note on Friday, February 10th. Raymond James upped their target price on Vecima Networks from C$26.00 to C$28.00 in a research note on Friday, February 10th.

About Vecima Networks

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Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.