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

Vallourec S.A. (OTCMKTS:VLOUF) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 22,900 shares, a decline of 23.4% from the February 28th total of 29,900 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Vallourec Stock Performance

VLOUF opened at $18.52 on Wednesday. The company has a fifty day simple moving average of $19.00 and a 200 day simple moving average of $17.34. Vallourec has a 12 month low of $14.04 and a 12 month high of $20.08.

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.