Vallourec SA (OTCMKTS:VLOWY) Sees Large Growth in Short Interest

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 19,100 shares, a growth of 148.1% from the September 15th total of 7,700 shares. Based on an average daily volume of 25,700 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 25,700 shares, the short-interest ratio is currently 0.7 days.

Vallourec Price Performance

OTCMKTS VLOWY opened at $3.51 on Tuesday. Vallourec has a 12 month low of $2.99 and a 12 month high of $4.24. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 10.98 and a beta of 1.67. The company’s 50 day moving average is $3.75 and its two-hundred day moving average is $3.75. The company has a current ratio of 2.09, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

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

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of Vallourec to a “strong-buy” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

About Vallourec

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.