Short Interest in Webco Industries Inc. (OTCMKTS:WEBC) Declines By 50.0%

Webco Industries Inc. (OTCMKTS:WEBC) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1 shares, a decrease of 50.0% from the April 15th total of 2 shares. Based on an average daily trading volume, of 49 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Webco Industries Price Performance

Shares of Webco Industries stock opened at $255.00 on Friday. Webco Industries has a 1-year low of $175.96 and a 1-year high of $266.00. The company’s fifty day simple moving average is $256.44 and its 200-day simple moving average is $238.23. The stock has a market capitalization of $175.95 million, a PE ratio of 10.71 and a beta of -0.12.

Webco Industries (OTCMKTS:WEBC) last posted its quarterly earnings data on Tuesday, March 3rd. The industrial products company reported $0.79 EPS for the quarter. The company had revenue of $141.88 million during the quarter.

Webco Industries Company Profile

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.