Vallourec SA (OTCMKTS:VLOWY) Short Interest Down 79.8% in August

Key Points

• Vallourec SA experienced a significant decline in short interest of 79.8%, from 165,800 shares to 33,500 shares, as of August 31st.
• Sanford C. Bernstein upgraded Vallourec to a "strong-buy" rating, contributing to its current average rating of the same.
• Vallourec reported earnings of $0.04 per share for the last quarter, with revenue reaching $979.19 million.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 33,500 shares, a decline of 79.8% from the August 15th total of 165,800 shares. Based on an average daily volume of 155,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 155,700 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Vallourec Stock Performance

OTCMKTS VLOWY opened at $3.69 on Friday. Vallourec has a 1 year low of $2.87 and a 1 year high of $4.24. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 11.53 and a beta of 1.82. The company has a current ratio of 2.09, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm's 50 day simple moving average is $3.79 and its 200 day simple moving average is $3.76.

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

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