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

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

Vallourec Stock Performance

Shares of OTCMKTS VLOWY traded up $0.09 during midday trading on Friday, hitting $4.12. 22,548 shares of the company’s stock were exchanged, compared to its average volume of 86,667. 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 12 month low of $3.50 and a 12 month high of $6.65. The company’s 50 day moving average price is $4.34 and its 200 day moving average price is $5.01. The firm has a market capitalization of $5.48 billion, a PE ratio of 12.48 and a beta of 0.49.

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

About Vallourec

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.