Vallourec SA (OTCMKTS:VLOWY) Short Interest Up 412.2% in December

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 23,424 shares, a growth of 412.2% from the November 30th total of 4,573 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 21,489 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 21,489 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on Vallourec in a research note on Monday, December 15th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, Vallourec presently has an average rating of “Strong Buy”.

Vallourec Stock Up 3.0%

VLOWY stock opened at $3.74 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27. The firm has a fifty day moving average price of $3.77 and a two-hundred day moving average price of $3.77. Vallourec has a 1-year low of $3.07 and a 1-year high of $4.24. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 10.11 and a beta of 0.40.

Vallourec (OTCMKTS:VLOWY) last issued its earnings results on Friday, November 14th. The energy company reported $0.12 EPS for the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%.The company had revenue of $1.06 billion during the quarter. Research analysts predict that Vallourec will post 0.36 EPS for the current 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.