Vallourec S.A. (OTCMKTS:VLOWY) Short Interest Down 98.4% in October

Vallourec S.A. (OTCMKTS:VLOWY) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,400 shares, a drop of 98.4% from the October 15th total of 86,100 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 0.4 days.

Vallourec Price Performance

VLOWY stock remained flat at $3.40 during midday trading on Tuesday. 41 shares of the company traded hands, compared to its average volume of 10,118. Vallourec has a 52 week low of $2.51 and a 52 week high of $4.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.27 and a current ratio of 2.08. The company’s fifty day moving average is $3.09 and its two-hundred day moving average is $3.26. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.71 and a beta of 1.66.

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.