Short Interest in Vallourec SA (OTCMKTS:VLOWY) Drops By 82.4%

Key Points

• The short interest in Vallourec SA decreased by 82.4% in July, dropping from 40,900 shares to 7,200 shares.
• Analysts upgraded Vallourec to a "strong-buy" rating, reflecting increased confidence in the company's performance.
• Vallourec recently declared a dividend of $0.2546 per share, yielding an impressive 636.0%.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 7,200 shares, adropof82.4% from the July 15th total of 40,900 shares. Based on an average daily trading volume, of 12,500 shares, the days-to-cover ratio is presently 0.6 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 12,500 shares, the days-to-cover ratio is presently 0.6 days.

Vallourec Trading Up 5.6%

VLOWY traded up $0.21 on Tuesday, hitting $3.95. The company had a trading volume of 3,913 shares, compared to its average volume of 16,652. The firm has a market cap of $4.63 billion, a P/E ratio of 12.34 and a beta of 1.82. Vallourec has a 1 year low of $2.84 and a 1 year high of $4.24. The company's fifty day moving average price is $3.80 and its 200 day moving average price is $3.80. 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 - Get Free Report) last released 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 company had revenue of $979.19 million during the quarter. As a group, equities analysts expect that Vallourec will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of Vallourec to a "strong-buy" rating in a research note on Monday, July 21st.

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.