Vantage Drilling Sees Significant Increase in Short Interest (VTG)
Shares of Vantage Drilling (NYSE:VTG) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 16,304,063 shares, a growth of 23.5% from the June 13th total of 13,200,611 shares, American Banking & Market News reports. Based on an average daily trading volume, of 2,622,020 shares, the days-to-cover ratio is presently 6.2 days. Currently, 5.7% of the shares of the company are short sold.
Shares of Vantage Drilling (NYSE:VTG) traded down 1.05% on Thursday, hitting $1.88. The stock had a trading volume of 710,657 shares. Vantage Drilling has a one year low of $1.59 and a one year high of $2.02. The stock’s 50-day moving average is $1.80 and its 200-day moving average is $1.75. The company has a market cap of $575.4 million and a P/E ratio of 8.92.
Vantage Drilling (NYSE:VTG) last issued its quarterly 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. On average, analysts predict that Vantage Drilling will post $0.30 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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