Short Interest in V2X, Inc. (NYSE:VVX) Declines By 21.9%

V2X, Inc. (NYSE:VVX) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 164,600 shares, a drop of 21.9% from the August 15th total of 210,800 shares. Based on an average daily trading volume, of 64,900 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Prescott Group Capital Management L.L.C. purchased a new stake in shares of V2X during the 4th quarter worth approximately $3,443,000. Cornerstone Management Inc. bought a new position in V2X in the 1st quarter valued at $29,000. Nierenberg Investment Management Company Inc. bought a new position in V2X in the 4th quarter valued at $312,000. Portolan Capital Management LLC bought a new position in V2X in the 4th quarter valued at $4,835,000. Finally, EMC Capital Management bought a new position in V2X in the 4th quarter valued at $162,000. 95.89% of the stock is owned by hedge funds and other institutional investors.

V2X Stock Performance

Shares of NYSE:VVX traded up $0.39 during mid-day trading on Friday, reaching $48.36. 137,674 shares of the company traded hands, compared to its average volume of 44,856. The company’s 50 day moving average price is $50.33 and its 200-day moving average price is $45.70. The firm has a market cap of $1.51 billion, a PE ratio of -34.06 and a beta of 1.01. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 1.10. V2X has a 52 week low of $34.55 and a 52 week high of $56.75.

V2X (NYSE:VVX) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.35. V2X had a positive return on equity of 12.75% and a negative net margin of 1.12%. The company had revenue of $977.85 million during the quarter, compared to the consensus estimate of $898.53 million. During the same period in the previous year, the company posted $1.41 EPS. The firm’s revenue was up 96.3% on a year-over-year basis. On average, equities analysts expect that V2X will post 4.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James lifted their price target on V2X from $60.00 to $65.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 9th. Royal Bank of Canada lifted their price target on V2X from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th.

About V2X

V2X, Inc provides critical mission solutions and support services to defense clients in the United States and internationally. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, and civilian clients.