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

Vallourec S.A. (OTCMKTS:VLOUF) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 71,464 shares, a growth of 372.9% from the July 30th total of 15,113 shares. Based on an average daily trading volume, of 7 shares, the short-interest ratio is presently 10,209.1 days.

Vallourec Stock Performance

Vallourec stock opened at $20.11 on Wednesday. The business has a fifty day moving average of $23.31 and a two-hundred day moving average of $24.74. Vallourec has a twelve month low of $16.88 and a twelve month high of $31.81.

About Vallourec

Vallourec is a global manufacturer of seamless steel tubing solutions, headquartered in France. The company specializes in the design, production and distribution of high–performance tubular products, catering primarily to the oil and gas, power generation, chemical, petrochemical, automotive and construction industries. Its product portfolio encompasses oil country tubular goods (OCTG), line pipes, mechanical tubing and premium connections developed to withstand the most demanding environments and applications.

Serving both upstream and downstream markets, Vallourec offers integrated services that range from project engineering and metallurgical expertise to on-site technical support.