Vantage Drilling Sees Large Decline in Short Interest (VTG)
Shares of Vantage Drilling (NYSE:VTG) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 14,654,173 shares, a decline of 3.0% from the March 31st total of 15,107,577 shares, Stock Ratings News reports. Based on an average daily trading volume, of 1,474,317 shares, the short-interest ratio is currently 9.9 days. Currently, 8.0% of the shares of the stock are short sold.
Vantage Drilling (NYSE:VTG) opened at 1.76 on Monday. Vantage Drilling has a 52 week low of $1.59 and a 52 week high of $2.06. The stock has a 50-day moving average of $1.70 and a 200-day moving average of $1.76. The company’s market cap is $537.2 million.
Vantage Drilling (NYSE:VTG) last posted its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.04) earnings per share. Vantage Drilling’s revenue was up 93.9% compared to the same quarter last year. Analysts expect that Vantage Drilling will post $0.31 EPS for the current fiscal year.
Vantage Drilling Company (NYSE:VTG) is an international offshore drilling company focused on operating a fleet of drilling units.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.