Vallourec S.A. (OTCMKTS:VLOUF) Sees Significant Increase in Short Interest

Vallourec S.A. (OTCMKTS:VLOUF) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 100,800 shares, an increase of 46.1% from the January 15th total of 69,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 1,008.0 days.

Vallourec Price Performance

OTCMKTS VLOUF opened at $18.91 on Friday. Vallourec has a 52 week low of $13.98 and a 52 week high of $19.63. The firm’s 50-day simple moving average is $17.87 and its two-hundred day simple moving average is $16.39.

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.