Short Interest in Subsea 7 S.A. (OTCMKTS:SUBCY) Declines By 48.1%

Subsea 7 S.A. (OTCMKTS:SUBCY) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a drop of 48.1% from the February 29th total of 2,700 shares. Based on an average daily trading volume, of 26,800 shares, the days-to-cover ratio is currently 0.1 days.

Subsea 7 Trading Up 0.3 %

SUBCY stock traded up $0.04 during midday trading on Thursday, reaching $15.97. The company’s stock had a trading volume of 7,271 shares, compared to its average volume of 11,254. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $13.89. Subsea 7 has a 1 year low of $9.85 and a 1 year high of $16.40. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 398.25 and a beta of 1.79.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings results on Thursday, February 29th. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.23). Subsea 7 had a net margin of 0.26% and a return on equity of 0.35%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.66 billion. On average, equities research analysts predict that Subsea 7 will post 0.91 EPS for the current year.

About Subsea 7

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.