Velan Inc. (OTCMKTS:VLNSF) Short Interest Up 54.9% in February

Velan Inc. (OTCMKTS:VLNSF) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 7,900 shares, an increase of 54.9% from the February 13th total of 5,100 shares. Based on an average daily volume of 600 shares, the short-interest ratio is currently 13.2 days.

Velan Stock Up 3.4 %

OTCMKTS VLNSF opened at $10.08 on Friday. The firm’s 50-day moving average is $10.31 and its two-hundred day moving average is $8.03. Velan has a 12 month low of $3.80 and a 12 month 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.