Short Interest in Vallourec S.A. (OTCMKTS:VLOUF) Declines By 48.4%

Vallourec S.A. (OTCMKTS:VLOUF) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 4,800 shares, a drop of 48.4% from the February 29th total of 9,300 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 48.0 days.

Vallourec Price Performance

OTCMKTS VLOUF opened at $18.57 on Thursday. The company has a fifty day simple moving average of $15.12 and a 200 day simple moving average of $13.87. Vallourec has a 12-month low of $10.69 and a 12-month high of $18.68.

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; casings; tubings; VAM connections; rigid subsea line pipes, onshore rigid line pipes, and specialized tubes for transportation of oil and gas; and carbon steel and steel alloy tubes, hollow bars, and connections for the processing of industrial fluids, and oil and gas.