Vallourec S.A. (OTCMKTS:VLOUF) Sees Large Decline in Short Interest

Vallourec S.A. (OTCMKTS:VLOUF) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totalling 12,500 shares, a drop of 77.6% from the August 31st total of 55,700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 125.0 days.

Vallourec Stock Performance

OTCMKTS:VLOUF opened at $15.35 on Friday. The stock’s 50-day moving average is $15.16 and its 200-day moving average is $16.66. Vallourec has a 1-year low of $11.19 and a 1-year high of $19.63.

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.