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

Vallourec S.A. (OTCMKTS:VLOWY) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 900 shares, a decrease of 67.9% from the December 15th total of 2,800 shares. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is presently 0.1 days.

Vallourec Price Performance

Shares of OTCMKTS VLOWY opened at $3.76 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.00 and a current ratio of 1.73. Vallourec has a one year low of $2.80 and a one year high of $4.15. The firm has a market capitalization of $4.34 billion, a P/E ratio of 10.74 and a beta of 1.61. The company’s fifty day moving average is $3.52 and its two-hundred day moving average is $3.26.

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.