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

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

Vallourec Price Performance

Shares of VLOUF stock opened at $18.42 on Monday. Vallourec has a fifty-two week low of $14.04 and a fifty-two week high of $20.08. The stock’s fifty day moving average price is $19.02 and its two-hundred day moving average price is $17.29.

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.