Vantage Drilling Sees Significant Increase in Short Interest (VTG)
Shares of Vantage Drilling (NYSE:VTG) were the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 17,152,510 shares, an increase of 1.6% from the July 15th total of 16,889,156 shares, Analyst Ratings.Net reports. Based on an average daily volume of 1,062,690 shares, the days-to-cover ratio is currently 16.1 days. Currently, 9.3% of the company’s shares are short sold.
A number of research firms have recently commented on VTG. Analysts at Global Hunter Securities cut their price target on shares of Vantage Drilling from $1.90 to $0.20 in a research note on Wednesday, August 6th.
Shares of Vantage Drilling (NYSE:VTG) traded up 1.09% on Monday, hitting $1.85. 561,143 shares of the company’s stock traded hands. Vantage Drilling has a 1-year low of $1.59 and a 1-year high of $2.02. The stock’s 50-day moving average is $1.90 and its 200-day moving average is $1.75. The company has a market cap of $566.5 million and a price-to-earnings ratio of 8.03.
Vantage Drilling (NYSE:VTG) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $219.72 million for the quarter, compared to the consensus estimate of $219.36 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, analysts predict that Vantage Drilling will post $0.27 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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