Short Interest in Velan Inc. (OTCMKTS:VLNSF) Expands By 43.8%

Velan Inc. (OTCMKTS:VLNSF) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,300 shares, a growth of 43.8% from the October 15th total of 1,600 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 0.2 days.

Velan Price Performance

OTCMKTS:VLNSF remained flat at $8.05 during mid-day trading on Friday. Velan has a 12-month low of $3.80 and a 12-month high of $8.64. The stock’s 50 day simple moving average is $6.67 and its 200-day simple moving average is $5.17.

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.