Vantage Drilling Sees Significant Growth in Short Interest (VTG)
Vantage Drilling (NYSE:VTG) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 16,889,156 shares, a growth of 3.6% from the June 30th total of 16,304,063 shares, Analyst RN reports. Approximately 5.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,396,403 shares, the days-to-cover ratio is presently 12.1 days.
Vantage Drilling (NYSE:VTG) traded down 3.05% during mid-day trading on Thursday, hitting $1.91. 1,023,390 shares of the company’s stock traded hands. Vantage Drilling has a 52-week low of $1.59 and a 52-week high of $2.02. The stock’s 50-day moving average is $1.87 and its 200-day moving average is $1.. The company has a market cap of $584.5 million and a price-to-earnings ratio of 9.25.
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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