Subsea 7 S.A. (OTCMKTS:SUBCY) Sees Large Decline in Short Interest

Subsea 7 S.A. (OTCMKTS:SUBCY) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,000 shares, a decrease of 67.7% from the January 15th total of 3,100 shares. Based on an average trading volume of 10,300 shares, the days-to-cover ratio is currently 0.1 days.

Subsea 7 Stock Down 3.5 %

Subsea 7 stock traded down $0.60 during midday trading on Wednesday, reaching $16.40. The stock had a trading volume of 2,572 shares, compared to its average volume of 4,983. The company has a fifty day moving average price of $16.41 and a two-hundred day moving average price of $16.72. The company has a market capitalization of $4.96 billion, a P/E ratio of 82.00 and a beta of 1.71. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. Subsea 7 has a 12 month low of $12.94 and a 12 month high of $19.60.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, November 21st. The energy company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. As a group, equities analysts expect that Subsea 7 will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded shares of Subsea 7 from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 17th.

Subsea 7 Company Profile

Subsea 7 SA delivers offshore projects and services for the energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.