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

Vallourec SA (OTCMKTS:VLOWY) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,493 shares, a decrease of 57.4% from the April 30th total of 12,889 shares. Based on an average daily trading volume, of 67,192 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Vallourec Stock Performance

Shares of OTCMKTS:VLOWY traded up $0.02 on Monday, reaching $5.64. The company’s stock had a trading volume of 27,285 shares, compared to its average volume of 44,610. The stock’s 50-day moving average is $5.58 and its two-hundred day moving average is $4.64. Vallourec has a 52-week low of $3.34 and a 52-week high of $6.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.50. The stock has a market capitalization of $6.62 billion, a P/E ratio of 17.11 and a beta of 0.41.

Vallourec (OTCMKTS:VLOWY) last released its earnings results on Wednesday, May 13th. The energy company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $1.14 billion for the quarter. Vallourec had a return on equity of 15.79% and a net margin of 9.45%.

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.