Vallourec S.A. (OTCMKTS:VLOUF) Sees Large Increase in Short Interest

Vallourec S.A. (OTCMKTS:VLOUFGet Rating) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 89,700 shares, a growth of 68.6% from the August 15th total of 53,200 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Vallourec Stock Performance

Shares of OTCMKTS VLOUF opened at $9.97 on Thursday. Vallourec has a 52 week low of $7.46 and a 52 week high of $15.10. The firm has a 50-day moving average price of $9.60 and a 200 day moving average price of $11.37.

Vallourec Company Profile

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Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, and internationally. It operates through Seamless Tubes and Specialty Products segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; casings; tubings; VAM connections; rigid subsea line pipes, onshore rigid line pipes, and specialized tubes for transportation of oil and gas; and carbon steel and steel alloy tubes, hollow bars, and connections for the processing of industrial fluids, and oil and gas.

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