Vallourec SA (OTCMKTS:VLOWY) Stock Short Interest Report for October

Key Points

• Short interest surged 159.7% in October to 24,023 shares as of October 15, up from 9,252 shares at the end of September. Despite the increase, short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.2 days.
• Vallourec shares opened at $4.19, down 1.0%, with a $5.57 billion market capitalization. The stock remained below its 50-day and 200-day moving averages and traded between a 52-week range of $3.52 to $6.65.
• Analyst sentiment was positive after Kepler Capital Markets upgraded Vallourec from “hold” to “strong buy.” The stock had a consensus “Strong Buy” rating, while the company’s latest quarter included $0.04 in EPS and $1.03 billion in revenue.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 24,023 shares, an increase of 159.7% from the September 30th total of 9,252 shares. Based on an average trading volume of 103,771 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company's shares are sold short.

Vallourec Stock Down 1.0%

Vallourec stock opened at $4.19 on Thursday. The stock has a market cap of $5.57 billion, a PE ratio of 12.69 and a beta of 0.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 2.14. The firm's 50-day simple moving average is $4.26 and its 200 day simple moving average is $4.82. Vallourec has a fifty-two week low of $3.52 and a fifty-two week high of $6.65.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The energy company reported $0.04 EPS for the quarter. The company had revenue of $1.03 billion during the quarter. Vallourec had a return on equity of 14.98% and a net margin of 9.49%.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised shares of Vallourec from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

About Vallourec

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial sectors. The company primarily produces seamless steel tubes, connections and related services used in oil and natural gas wells, pipelines, power generation, mechanical engineering and other demanding applications.

Its product portfolio includes oil country tubular goods, premium threaded connections, line pipe and specialty tubes designed for challenging operating environments. Vallourec also develops tubular products and services for lower-carbon and energy-transition applications, including geothermal energy, hydrogen, carbon capture and storage, and other renewable or industrial uses.

Vallourec traces its origins to the French steel and tube industry and has expanded into an international business serving customers across North America, South America, Europe, the Middle East, Asia and other markets.

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