Vantage Drilling Short Interest Up 1.6% in March (VTG)
Shares of Vantage Drilling (NYSE:VTG) saw a significant increase in short interest in January. As of March 31st, there was short interest totalling 15,107,577 shares, an increase of 1.6% from the March 14th total of 14,873,817 shares, Analyst Ratings Network reports. Approximately 8.2% of the company’s stock are sold short. Based on an average trading volume of 1,178,957 shares, the short-interest ratio is currently 12.8 days.
Vantage Drilling (NYSE:VTG) opened at 1.69 on Thursday. Vantage Drilling has a 1-year low of $1.57 and a 1-year high of $2.06. The stock has a 50-day moving average of $1.71 and a 200-day moving average of $1.77. The company’s market cap is $515.9 million.
Vantage Drilling (NYSE:VTG) last issued its quarterly earnings data on Friday, February 28th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.01. The company had revenue of $238.54 million for the quarter, compared to the consensus estimate of $222.26 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 93.9% on a year-over-year basis. On average, analysts predict that Vantage Drilling will post $0.31 earnings per share for the current fiscal year.
Vantage Drilling Company (NYSE:VTG) is an international offshore drilling company focused on operating a fleet of drilling units.
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