Vallourec SA (OTCMKTS:VLOWY) Shares Shorted: Short Interest Up 316.2% in September

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 204,504 shares, a growth of 316.2% from the August 31st total of 49,139 shares. Based on an average daily trading volume, of 292,139 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are sold short.

Vallourec Stock Down 2.0%

Shares of OTCMKTS:VLOWY opened at $4.29 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.37. The stock’s 50-day moving average is $4.51 and its 200 day moving average is $5.04. The company has a market cap of $5.70 billion, a PE ratio of 12.98 and a beta of 0.51. Vallourec has a 1 year low of $3.50 and a 1 year high of $6.65.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. Vallourec had a return on equity of 14.98% and a net margin of 9.49%.The business had revenue of $1.03 billion for the quarter.

About Vallourec

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial markets. The company primarily produces seamless steel tubes, specialized connections and related services used in oil and gas exploration and production, including casing, tubing and line pipe applications.

Its products and engineering services also support power generation, petrochemicals, mechanical engineering, construction and emerging energy applications. Vallourec has developed tubular solutions for geothermal energy, hydrogen, carbon capture and storage, and other lower-carbon technologies, in addition to serving conventional energy infrastructure.

Founded in the late 19th century through the combination of French tube manufacturers, Vallourec has grown into an international group serving customers across Europe, North and South America, the Middle East, Asia and other regions.