Short Interest in Velan Inc. (OTCMKTS:VLNSF) Drops By 20.8%

Velan Inc. (OTCMKTS:VLNSF) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,900 shares, a drop of 20.8% from the December 15th total of 2,400 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 0.9 days.

Velan Stock Performance

VLNSF opened at $10.91 on Thursday. Velan has a 12 month low of $3.80 and a 12 month high of $10.91. The company has a fifty day simple moving average of $7.77 and a 200 day simple moving average of $6.20.

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.