Vallourec SA (OTCMKTS:VLOWY) Sees Large Increase in Short Interest

Vallourec SA (OTCMKTS:VLOWY) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 46,093 shares, an increase of 34.2% from the January 15th total of 34,341 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 44,505 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 44,505 shares, the short-interest ratio is currently 1.0 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on shares of Vallourec in a research note on Monday, December 15th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Vallourec Stock Down 4.9%

Shares of OTCMKTS VLOWY opened at $4.43 on Tuesday. The stock has a market capitalization of $5.19 billion, a PE ratio of 11.97 and a beta of 0.36. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $4.04 and a 200-day moving average of $3.86. Vallourec has a 52-week low of $3.07 and a 52-week high of $4.76.

Vallourec (OTCMKTS:VLOWY) last issued its earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share for the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%.The business had revenue of $1.06 billion for the quarter. On average, analysts anticipate that Vallourec will post 0.36 EPS for the current year.

About Vallourec

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.