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) saw 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 trading volume, of 155,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 155,700 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised shares of Vallourec to a "strong-buy" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Vallourec Trading Up 2.7%

Shares of Vallourec stock traded up $0.10 during trading on Wednesday, hitting $3.78. The stock had a trading volume of 2,968 shares, compared to its average volume of 22,596. The stock has a 50 day simple moving average of $3.77 and a 200 day simple moving average of $3.75. The company has a market capitalization of $4.43 billion, a PE ratio of 11.81 and a beta of 1.82. The company has a quick ratio of 1.25, a current ratio of 2.09 and a debt-to-equity ratio of 0.40. Vallourec has a 1 year low of $2.87 and a 1 year high of $4.24.

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

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.