Valaris Limited (NYSE:VAL) Short Interest Update

Valaris Limited (NYSE:VAL) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 7,087,982 shares, an increase of 24.5% from the February 12th total of 5,691,867 shares. Based on an average daily volume of 1,877,606 shares, the short-interest ratio is currently 3.8 days. Currently, 10.3% of the company’s stock are short sold. Currently, 10.3% of the company’s stock are short sold. Based on an average daily volume of 1,877,606 shares, the short-interest ratio is currently 3.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VAL. Lingotto Investment Management LLP increased its holdings in Valaris by 1.1% during the 2nd quarter. Lingotto Investment Management LLP now owns 3,655,900 shares of the company’s stock worth $153,950,000 after purchasing an additional 38,579 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Valaris by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,234,713 shares of the company’s stock valued at $163,031,000 after buying an additional 206,305 shares during the last quarter. Dalal Street LLC grew its position in shares of Valaris by 32.0% during the second quarter. Dalal Street LLC now owns 1,883,777 shares of the company’s stock worth $79,326,000 after buying an additional 456,213 shares in the last quarter. Schf GPE LLC bought a new stake in shares of Valaris in the second quarter worth $77,675,000. Finally, Geode Capital Management LLC increased its stake in shares of Valaris by 3.4% in the second quarter. Geode Capital Management LLC now owns 1,592,885 shares of the company’s stock worth $67,084,000 after buying an additional 52,367 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Up 3.2%

NYSE:VAL traded up $2.92 on Tuesday, reaching $94.46. The stock had a trading volume of 921,961 shares, compared to its average volume of 1,696,994. The company has a 50-day moving average of $74.49 and a 200 day moving average of $60.48. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.34. The stock has a market cap of $6.54 billion, a P/E ratio of 6.75 and a beta of 1.06. Valaris has a 12-month low of $27.15 and a 12-month high of $102.19.

Wall Street Analyst Weigh In

VAL has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Citigroup reduced their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Finally, Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a report on Monday, February 23rd. Ten analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Valaris has an average rating of “Reduce” and a consensus price target of $56.50.

About Valaris

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.