Short Interest in Webco Industries Inc. (OTCMKTS:WEBC) Declines By 50.0%

Webco Industries Inc. (OTCMKTS:WEBC) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1 shares, a decrease of 50.0% from the April 15th total of 2 shares. Based on an average daily volume of 49 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Webco Industries Price Performance

Shares of WEBC stock opened at $255.00 on Monday. Webco Industries has a fifty-two week low of $175.96 and a fifty-two week high of $266.00. The stock’s 50-day moving average is $256.44 and its two-hundred day moving average is $238.44. The firm has a market cap of $175.95 million, a P/E ratio of 10.71 and a beta of -0.12.

Webco Industries (OTCMKTS:WEBC) last issued its earnings results on Tuesday, March 3rd. The industrial products company reported $0.79 earnings per share for the quarter. The firm had revenue of $141.88 million during the quarter.

About Webco Industries

Webco Industries, Inc is a U.S.-based manufacturer specializing in precision-engineered carbon and alloy steel tubular products. The company produces seamless tubing in a range of sizes and grades for demanding applications, including energy exploration, hydraulic and pneumatic cylinders, off-highway equipment and general industrial uses. Webco’s capabilities encompass tubing up to six inches in outer diameter, with wall thicknesses tailored to high-pressure environments.

Beyond standard tubing, Webco offers an array of value-added services such as cutting, end finishing, threading, end polishing and customized packaging to meet customer specifications.