Webco Industries Inc. (OTCMKTS:WEBC) Sees Large Growth in Short Interest

Webco Industries Inc. (OTCMKTS:WEBC) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 5 shares, a growth of 400.0% from the July 30th total of 1 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1 shares, the days-to-cover ratio is presently 5.0 days.

Webco Industries Price Performance

OTCMKTS:WEBC opened at $280.03 on Thursday. The company has a market cap of $190.42 million, a P/E ratio of 9.87 and a beta of -0.04. Webco Industries has a fifty-two week low of $186.00 and a fifty-two week high of $332.00. The firm’s 50 day moving average is $308.95 and its two-hundred day moving average is $280.71.

Webco Industries (OTCMKTS:WEBC) last announced its quarterly earnings results on Tuesday, May 26th. The industrial products company reported $11.61 earnings per share for the quarter. The business had revenue of $179.60 million for the quarter.

Webco Industries Company Profile

Webco Industries, Inc is a U.S.-based manufacturer specializing in precision-engineered carbon and alloy steel tubular products. The company produces seamless tubing in a range of sizes and grades for demanding applications, including energy exploration, hydraulic and pneumatic cylinders, off-highway equipment and general industrial uses. Webco’s capabilities encompass tubing up to six inches in outer diameter, with wall thicknesses tailored to high-pressure environments.

Beyond standard tubing, Webco offers an array of value-added services such as cutting, end finishing, threading, end polishing and customized packaging to meet customer specifications.