Velan Inc. (OTCMKTS:VLNSF) Short Interest Up 78.6% in January

Velan Inc. (OTCMKTS:VLNSF) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 2,500 shares, an increase of 78.6% from the January 15th total of 1,400 shares. Based on an average daily volume of 18,900 shares, the short-interest ratio is presently 0.1 days.

Velan Trading Down 0.3 %

Shares of Velan stock opened at $10.25 on Friday. The firm’s 50-day moving average is $9.09 and its 200 day moving average is $7.20. Velan has a 1 year low of $3.80 and a 1 year high of $12.52.

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.