Vallourec S.A. (OTCMKTS:VLOWY) Sees Significant Drop in Short Interest

Vallourec S.A. (OTCMKTS:VLOWY) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,400 shares, a drop of 98.4% from the October 15th total of 86,100 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 0.4 days.

Vallourec Price Performance

Shares of VLOWY remained flat at $3.40 during midday trading on Tuesday. The company’s stock had a trading volume of 41 shares, compared to its average volume of 10,118. Vallourec has a twelve month low of $2.51 and a twelve month high of $4.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.27 and a current ratio of 2.08. The business has a fifty day simple moving average of $3.09 and a 200 day simple moving average of $3.26. The company has a market capitalization of $3.91 billion, a PE ratio of 9.71 and a beta of 1.66.

Vallourec Company Profile

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.