Vallourec SA (OTCMKTS:VLOWY) Sees Large Growth in Short Interest

Vallourec SA (OTCMKTS:VLOWY) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 31,889 shares, an increase of 36.1% from the December 15th total of 23,424 shares. Based on an average daily volume of 35,796 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 35,796 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on shares of Vallourec in a report on Monday, December 15th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Vallourec Stock Down 0.5%

Shares of VLOWY stock opened at $3.98 on Friday. The stock’s fifty day moving average price is $3.81 and its 200 day moving average price is $3.80. Vallourec has a 1-year low of $3.07 and a 1-year high of $4.24. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 10.76 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27.

Vallourec (OTCMKTS:VLOWY) last issued its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share for the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%.The business had revenue of $1.06 billion during the quarter. On average, research analysts expect that Vallourec will post 0.36 earnings per share for the current fiscal year.

About Vallourec

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.