Vallourec S.A. (OTCMKTS:VLOUF – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 6,757 shares, a growth of 87.4% from the May 31st total of 3,605 shares. Based on an average daily trading volume, of 29 shares, the days-to-cover ratio is currently 233.0 days.
Vallourec Stock Down 8.6%
OTCMKTS:VLOUF opened at $22.14 on Thursday. The firm’s 50 day moving average is $28.02 and its two-hundred day moving average is $23.78. Vallourec has a fifty-two week low of $16.88 and a fifty-two week high of $31.81.
About Vallourec
Vallourec is a global manufacturer of seamless steel tubing solutions, headquartered in France. The company specializes in the design, production and distribution of high–performance tubular products, catering primarily to the oil and gas, power generation, chemical, petrochemical, automotive and construction industries. Its product portfolio encompasses oil country tubular goods (OCTG), line pipes, mechanical tubing and premium connections developed to withstand the most demanding environments and applications.
Serving both upstream and downstream markets, Vallourec offers integrated services that range from project engineering and metallurgical expertise to on-site technical support.
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