Short Interest in Webco Industries Inc. (OTCMKTS:WEBC) Expands By 400.0%

Webco Industries Inc. (OTCMKTS:WEBC) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 5 shares, an increase of 400.0% from the July 30th total of 1 shares. Based on an average daily volume of 1 shares, the days-to-cover ratio is currently 5.0 days. Currently, 0.0% of the company’s shares are short sold.

Webco Industries Price Performance

WEBC opened at $280.03 on Wednesday. Webco Industries has a twelve month low of $186.00 and a twelve month high of $332.00. The company has a fifty day moving average of $309.65 and a 200-day moving average of $280.50. The stock has a market cap of $190.42 million, a PE ratio of 9.87 and a beta of -0.04.

Webco Industries (OTCMKTS:WEBC) last released its earnings results on Tuesday, May 26th. The industrial products company reported $11.61 earnings per share (EPS) for the quarter. The firm had revenue of $179.60 million during the quarter.

About Webco Industries

Webco Industries, Inc is a U.S.-based manufacturer specializing in precision-engineered carbon and alloy steel tubular products. The company produces seamless tubing in a range of sizes and grades for demanding applications, including energy exploration, hydraulic and pneumatic cylinders, off-highway equipment and general industrial uses. Webco’s capabilities encompass tubing up to six inches in outer diameter, with wall thicknesses tailored to high-pressure environments.

Beyond standard tubing, Webco offers an array of value-added services such as cutting, end finishing, threading, end polishing and customized packaging to meet customer specifications.