November 21, 2016 - By Adrian Mccoy · 0 Comments
The stock of VANTAGE DRILLING COMPANY (OTCMKTS:VTGDF) registered a decrease of 0.55% in short interest. VTGDF’s total short interest was 5.61M shares in November as published by FINRA. Its down 0.55% from 5.64 million shares, reported previously. With 1.13M shares average volume, it will take short sellers 5 days to cover their VTGDF’s short positions. The stock closed at $0.0096 during the last session. It is down 42.03% since April 22, 2016 and is downtrending. It has underperformed by 45.89% the S&P500.
Vantage Drilling Company is a holding and offshore drilling firm focused on operating a fleet of modern and specification drilling units. The company has a market cap of $16.48 million. The Company’s principal business is to contract drilling units, related equipment and work crews, primarily on a dayrate basis to drill oil and natural gas wells for its customers. It has a 1.25 P/E ratio. It also provides construction supervision services for drilling units.
Vantage Drilling Company, incorporated on November 14, 2007, is a holding and offshore drilling firm focused on operating a fleet of modern and specification drilling units. The Company’s principal business is to contract drilling units, related equipment and work crews, primarily on a dayrate basis to drill oil and natural gas wells for its customers. It also provides construction supervision services for drilling units owned by others. Through its fleet of drilling units, it provides offshore contract drilling services. It provides contract drilling services with different types of modern, high-specification mobile offshore drilling units (MODUs), including jackup rigs and drillships, and in different geographic regions. The Company’s clients are primarily multinational oil and natural gas companies, Government owned oil and natural gas companies and independent oil and natural gas producers. The Company’s owned and managed fleet consists of three Daewoo Shipbuilding & Marine Engineering (DSME) Ultra Deepwater Drillships, one DSME Ultra Deepwater Dual Derrick Drillship under construction, two managed DSME Ultra Deepwater Drillships and four Baker Marine Pacific Class (BMC) 375 Jackups.
More notable recent Vantage Drilling Company (OTCMKTS:VTGDF) news were published by: Wsj.com which released: “Vantage Drilling Files for Bankruptcy Protection” on December 03, 2015, also Wsj.com with their article: “Vantage Drilling Wins Confirmation of Chapter 11 Plan” published on January 14, 2016, Bizjournals.com published: “Vantage Drilling to restructure business, files Chapter 11” on December 07, 2015. More interesting news about Vantage Drilling Company (OTCMKTS:VTGDF) were released by: Marketwired.com and their article: “Vantage Drilling in Discussions With Secured Lenders and Secured Noteholders …” published on November 02, 2015 as well as Fool.com‘s news article titled: “Vantage Drilling Company: Rapid Growth and New Rigs Could Offer Opportunity” with publication date: April 22, 2014.
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By Adrian Mccoy