V2X, Inc. (NYSE:VVX) Sees Large Increase in Short Interest

V2X, Inc. (NYSE:VVX) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,110,000 shares, an increase of 17.5% from the January 15th total of 944,800 shares. Based on an average daily trading volume, of 271,300 shares, the days-to-cover ratio is presently 4.1 days. Approximately 6.6% of the company’s stock are sold short.

V2X Price Performance

Shares of VVX traded down $1.59 during mid-day trading on Monday, reaching $44.88. The company had a trading volume of 234,757 shares, compared to its average volume of 186,453. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 160.30, a P/E/G ratio of 0.57 and a beta of 0.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50 day simple moving average is $50.82 and its 200 day simple moving average is $54.74. V2X has a 1-year low of $37.58 and a 1-year high of $69.75.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BTIG Research began coverage on V2X in a report on Monday, November 25th. They set a “buy” rating and a $80.00 target price for the company. Citigroup initiated coverage on shares of V2X in a research note on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price objective for the company. The Goldman Sachs Group started coverage on shares of V2X in a research report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target for the company. JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $58.00 target price (down from $70.00) on shares of V2X in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.50.

Insider Activity

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the transaction, the general counsel now directly owns 10,634 shares of the company’s stock, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. US Bancorp DE increased its holdings in V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after purchasing an additional 460 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in V2X by 24.1% in the 4th quarter. Ameritas Investment Partners Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after buying an additional 288 shares during the last quarter. nVerses Capital LLC bought a new stake in V2X during the 3rd quarter worth approximately $95,000. Harel Insurance Investments & Financial Services Ltd. increased its position in V2X by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock valued at $114,000 after acquiring an additional 814 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of V2X during the fourth quarter worth $134,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

About V2X

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.