Vallourec SA (OTCMKTS:VLOWY) Sees Significant Decline in Short Interest

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 7,700 shares, a decline of 77.0% from the August 31st total of 33,500 shares. Based on an average daily trading volume, of 29,600 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 29,600 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Vallourec to a “strong-buy” rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Vallourec has an average rating of “Strong Buy”.

Vallourec Trading Up 1.6%

OTCMKTS VLOWY opened at $3.91 on Thursday. The company has a market capitalization of $4.58 billion, a PE ratio of 12.22 and a beta of 1.67. The company has a fifty day moving average of $3.74 and a 200 day moving average of $3.75. Vallourec has a 1 year low of $2.87 and a 1 year high of $4.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.09 and a quick ratio of 1.25.

Vallourec (OTCMKTS:VLOWY) last posted its earnings results on Friday, July 25th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $979.19 million during the quarter. Vallourec had a net margin of 9.42% and a return on equity of 14.57%. Research analysts forecast that Vallourec will post 0.36 earnings per share for the current year.

Vallourec Company Profile

Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Tubes; Mine & Forests; and Holding Companies & Other segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; VAM connections; rigid subsea line pipes and onshore rigid line pipes; and carbon steel and steel alloy tubes, hollow bars, and connections.