Vallourec SA (OTCMKTS:VLOWY) Sees Significant Decline in Short Interest

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 9,252 shares, a decline of 95.5% from the September 15th total of 204,504 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 138,023 shares, the days-to-cover ratio is currently 0.1 days.

Vallourec Stock Up 2.2%

Shares of OTCMKTS VLOWY traded up $0.09 during trading hours on Friday, hitting $4.12. The company had a trading volume of 22,548 shares, compared to its average volume of 86,667. The stock has a market capitalization of $5.48 billion, a P/E ratio of 12.48 and a beta of 0.49. The company has a quick ratio of 1.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.27. Vallourec has a 1-year low of $3.50 and a 1-year high of $6.65. The firm’s 50 day moving average is $4.34 and its 200-day moving average is $5.01.

Vallourec (OTCMKTS:VLOWY) last issued its earnings results on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. Vallourec had a net margin of 9.49% and a return on equity of 14.98%. The business had revenue of $1.03 billion for the quarter.

Vallourec Company Profile

Vallourec is a France-based manufacturer and provider of premium tubular solutions. The company primarily produces seamless steel tubes and related products for the energy industry, including oil and natural gas exploration and production, drilling, well construction and completion. Its offerings are designed for demanding applications such as high-pressure, high-temperature and corrosive environments.

In addition to serving the oil and gas sector, Vallourec supplies tubes and tubular solutions for industrial applications, including power generation, mechanical engineering and other specialized markets.