Short Interest in Vallourec SA (OTCMKTS:VLOWY) Increases By 282.5%

Vallourec SA (OTCMKTS:VLOWY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 49,139 shares, an increase of 282.5% from the August 15th total of 12,847 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 55,579 shares, the short-interest ratio is currently 0.9 days.

Vallourec Stock Performance

Shares of VLOWY stock opened at $4.40 on Friday. Vallourec has a 12-month low of $3.50 and a 12-month high of $6.65. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 13.33 and a beta of 0.51. The business has a 50 day simple moving average of $4.60 and a 200 day simple moving average of $5.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.37.

Vallourec (OTCMKTS:VLOWY) last announced its earnings results on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. Vallourec had a return on equity of 14.98% and a net margin of 9.49%.The firm had revenue of $1.03 billion for the quarter.

About Vallourec

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial markets. The company primarily produces seamless steel tubes, specialized connections and related services used in oil and gas exploration and production, including casing, tubing and line pipe applications.

Its products and engineering services also support power generation, petrochemicals, mechanical engineering, construction and emerging energy applications. Vallourec has developed tubular solutions for geothermal energy, hydrogen, carbon capture and storage, and other lower-carbon technologies, in addition to serving conventional energy infrastructure.

Founded in the late 19th century through the combination of French tube manufacturers, Vallourec has grown into an international group serving customers across Europe, North and South America, the Middle East, Asia and other regions.