Webco Industries Inc. (OTCMKTS:WEBC) Short Interest Up 400.0% in August

Webco Industries Inc. (OTCMKTS:WEBC) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 5 shares, an increase of 400.0% from the July 30th total of 1 shares. Based on an average daily trading volume, of 1 shares, the days-to-cover ratio is presently 5.0 days. Approximately 0.0% of the company’s shares are short sold.

Webco Industries Stock Performance

Webco Industries stock opened at $280.03 on Wednesday. The stock has a market capitalization of $190.42 million, a price-to-earnings ratio of 9.87 and a beta of -0.04. Webco Industries has a 52-week low of $186.00 and a 52-week high of $332.00. The stock’s 50 day moving average price is $309.65 and its two-hundred day moving average price is $280.50.

Webco Industries (OTCMKTS:WEBC) last announced its quarterly earnings data on Tuesday, May 26th. The industrial products company reported $11.61 EPS for the quarter. The company had revenue of $179.60 million for the quarter.

About Webco Industries

Webco Industries, Inc is a U.S.-based manufacturer specializing in precision-engineered carbon and alloy steel tubular products. The company produces seamless tubing in a range of sizes and grades for demanding applications, including energy exploration, hydraulic and pneumatic cylinders, off-highway equipment and general industrial uses. Webco’s capabilities encompass tubing up to six inches in outer diameter, with wall thicknesses tailored to high-pressure environments.

Beyond standard tubing, Webco offers an array of value-added services such as cutting, end finishing, threading, end polishing and customized packaging to meet customer specifications.