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

Vallourec S.A. (OTCMKTS:VLOWY) was the target of 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 volume of 33,000 shares, the days-to-cover ratio is presently 2.6 days.

Vallourec Price Performance

Shares of Vallourec stock remained flat at $3.05 during trading on Friday. The stock had a trading volume of 1 shares, compared to its average volume of 10,125. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.08 and a quick ratio of 1.27. The firm has a market cap of $3.50 billion, a P/E ratio of 7.61 and a beta of 1.68. Vallourec has a 52-week low of $2.18 and a 52-week high of $4.15. The firm’s 50-day moving average price is $3.05 and its two-hundred day moving average price is $3.31.

Vallourec (OTCMKTS:VLOWY) last released its quarterly earnings results on Friday, July 26th. The energy company reported $0.10 earnings per share for the quarter. The business had revenue of $1.17 billion during the quarter. Vallourec had a return on equity of 17.51% and a net margin of 8.83%. On average, research analysts predict that Vallourec will post 0.38 earnings per share for the current fiscal 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.