Velan Inc. (OTCMKTS:VLNSF) Short Interest Down 20.8% in December

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

Velan Trading Down 0.5 %

OTCMKTS VLNSF opened at $10.86 on Friday. Velan has a 52 week low of $3.80 and a 52 week high of $11.02. The company has a 50 day moving average price of $7.82 and a 200 day moving average price of $6.23.

Velan Company Profile

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.