Short Interest in Vallourec S.A. (OTCMKTS:VLOWY) Expands By 9,466.7%

Vallourec S.A. (OTCMKTS:VLOWY - Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 86,100 shares, an increase of 9,466.7% from the September 30th total of 900 shares. Based on an average daily trading volume, of 33,000 shares, the days-to-cover ratio is currently 2.6 days.

Vallourec Price Performance

Shares of Vallourec stock traded up $0.08 during midday trading on Friday, hitting $3.12. 1,379 shares of the company were exchanged, compared to its average volume of 10,214. The firm has a 50 day simple moving average of $3.05 and a 200-day simple moving average of $3.31. Vallourec has a 52 week low of $2.38 and a 52 week high of $4.15. The firm has a market cap of $3.59 billion, a P/E ratio of 7.61 and a beta of 1.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.08 and a quick ratio of 1.27.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The energy company reported $0.10 earnings per share for the quarter. The firm had revenue of $1.17 billion for the quarter. Vallourec had a net margin of 8.83% and a return on equity of 17.51%. Research analysts forecast that Vallourec will post 0.38 earnings per share for the current year.

About Vallourec

Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Tubes; Mine & Forests; and Holding Companies & Other segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; VAM connections; rigid subsea line pipes and onshore rigid line pipes; and carbon steel and steel alloy tubes, hollow bars, and connections.