Vallourec SA (OTCMKTS:VLOWY) Sees Significant Drop in Short Interest

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,493 shares, a decrease of 57.4% from the April 30th total of 12,889 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 67,192 shares, the days-to-cover ratio is presently 0.1 days.

Vallourec Stock Down 4.9%

VLOWY stock opened at $5.62 on Friday. The stock has a market capitalization of $6.59 billion, a P/E ratio of 17.03 and a beta of 0.45. The company has a current ratio of 2.31, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34. Vallourec has a 12 month low of $3.26 and a 12 month high of $6.65. The firm has a 50-day moving average price of $5.56 and a 200-day moving average price of $4.63.

Vallourec (OTCMKTS:VLOWY) last posted its earnings results on Wednesday, May 13th. The energy company reported $0.08 EPS for the quarter. The firm had revenue of $1.14 billion during the quarter. Vallourec had a net margin of 9.45% and a return on equity of 15.79%.

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.