Vallourec S.A. (OTCMKTS:VLOUF) Sees Large Growth in Short Interest

Vallourec S.A. (OTCMKTS:VLOUF) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 58,500 shares, an increase of 156.6% from the November 15th total of 22,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 585.0 days.

Vallourec Price Performance

Shares of VLOUF stock remained flat at $17.60 during mid-day trading on Friday. Vallourec has a 52-week low of $13.96 and a 52-week high of $19.63. The company has a fifty day moving average price of $16.30 and a 200-day moving average price of $16.02.

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.