Vallourec SA (OTCMKTS:VLOWY) Short Interest Up 412.2% in December

Vallourec SA (OTCMKTS:VLOWY) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 23,424 shares, an increase of 412.2% from the November 30th total of 4,573 shares. Based on an average daily trading volume, of 21,489 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 21,489 shares, the days-to-cover ratio is currently 1.1 days.

Vallourec Price Performance

Shares of VLOWY opened at $3.63 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. Vallourec has a 1 year low of $3.07 and a 1 year high of $4.24. The stock has a market cap of $4.25 billion, a P/E ratio of 9.81 and a beta of 0.40. The stock’s 50-day moving average price is $3.78 and its two-hundred day moving average price is $3.77.

Vallourec (OTCMKTS:VLOWY) last announced its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 EPS for the quarter. The company had revenue of $1.06 billion during the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%. On average, equities analysts predict that Vallourec will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on shares of Vallourec in a report on Monday, December 15th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Vallourec Company Profile

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.