What’s Ahead for Valvoline Inc (NYSE:VVV) After Less Shorted Shares?

June 14, 2018 - By Michael Collier

The stock of Valvoline Inc (NYSE:VVV) registered a decrease of 3.01% in short interest. VVV’s total short interest was 12.16 million shares in June as published by FINRA. Its down 3.01% from 12.54 million shares, reported previously. With 2.33M shares average volume, it will take short sellers 5 days to cover their VVV’s short positions. The short interest to Valvoline Inc’s float is 6.02%.

The stock increased 0.29% or $0.06 during the last trading session, reaching $20.9. About 575,175 shares traded. Valvoline Inc. (NYSE:VVV) has declined 6.10% since June 14, 2017 and is downtrending. It has underperformed by 18.67% the S&P500.

Valvoline Inc. manufactures and markets engine and automotive maintenance services and products. The company has market cap of $4.09 billion. It operates through three divisions: Core North America, Quick Lubes, and International. It has a 19.14 P/E ratio. The firm offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.

Valvoline Inc. (NYSE:VVV) Ratings Coverage

Among 2 analysts covering Valvoline (NYSE:VVV), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Valvoline had 2 analyst reports since December 21, 2017 according to SRatingsIntel. Longbow maintained Valvoline Inc. (NYSE:VVV) on Thursday, December 21 with “Buy” rating. Morgan Stanley maintained the shares of VVV in report on Friday, February 9 with “Equal-Weight” rating.

Another recent and important Valvoline Inc. (NYSE:VVV) news was published by Prnewswire.com which published an article titled: “Valvoline Announces Opening of New Quick-Lube Center in Providence, Rhode Island Area” on June 13, 2018.

Valvoline Inc. (NYSE:VVV) Ratings Chart

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