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 in 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 trading volume of 100 shares, the days-to-cover ratio is presently 1,008.0 days.

Vallourec Price Performance

Shares of OTCMKTS:VLOUF opened at $18.91 on Friday. The firm’s 50 day simple moving average is $17.84 and its 200-day simple moving average is $16.37. Vallourec has a one year low of $13.98 and a one 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.