Vantage Drilling Sees Significant Growth in Short Interest (VTG)
Vantage Drilling (NYSE:VTG) saw a significant growth in short interest in June. As of June 13th, there was short interest totalling 13,200,611 shares, a growth of 0.6% from the May 30th total of 13,118,615 shares, Analyst RN reports. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,151,245 shares, the short-interest ratio is currently 6.1 days.
Shares of Vantage Drilling (NYSE:VTG) opened at 1.92 on Wednesday. Vantage Drilling has a one year low of $1.59 and a one year high of $2.06. The stock’s 50-day moving average is $1.73 and its 200-day moving average is $1.74. The company has a market cap of $587.6 million and a price-to-earnings ratio of 9.20.
Vantage Drilling (NYSE:VTG) last released its earnings data on Tuesday, May 6th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.01. The company had revenue of $232.47 million for the quarter, compared to the consensus estimate of $219.65 million. During the same quarter last year, the company posted ($0.08) earnings per share. Vantage Drilling’s revenue was up 58.2% compared to the same quarter last year. Analysts expect that Vantage Drilling will post $0.30 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.
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