What Will Happen to TENARIS SA LUXEMBOURG ORDINARY SHARES (OTCMKTS:TNRSF) Next? The Stock Has Decline in Shorts

June 12, 2018 - By Louis Casey

Tenaris S.A. (OTCMKTS:TNRSF) Logo

The stock of TENARIS SA LUXEMBOURG ORDINARY SHARES (OTCMKTS:TNRSF) registered a decrease of 1.42% in short interest. TNRSF’s total short interest was 12.86 million shares in June as published by FINRA. Its down 1.42% from 13.04 million shares, reported previously. With 28,900 shares average volume, it will take short sellers 445 days to cover their TNRSF’s short positions. The short interest to TENARIS SA LUXEMBOURG ORDINARY SHARES’s float is 2.76%.

It closed at $18.115 lastly. It is down 0.00% since June 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Tenaris S.A., through its subsidiaries, makes and distributes steel pipe products and other related services for the energy industry, and other industrial applications. The company has market cap of $21.66 billion. The firm offers products for gas and oil drilling operations, including casings and tubings, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, tubular accessories, non-tubular accessories, and devices. It has a 39.3 P/E ratio. It also provides offshore line pipe products, such as top tensioned and steel catenary risers, export lines and flowlines, bends, corrosion resistant alloys, coiled line pipes, umbilical tubings, and coated pipes; and seamless and welded tubes for onshore line pipe; various seamless steel tubes and pipes for refineries, petrochemical, and gas-processing plants; and tubular products for the power generation industry.

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