Short Interest in Subsea 7 S.A. (OTCMKTS:SUBCY) Decreases By 83.3%

Posted by Linda Flegge on Nov 29th, 2024

Subsea 7 S.A. (OTCMKTS:SUBCY – Get Free Report) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 100 shares, a decrease of 83.3% from the October 31st total of 600 shares. Based on an average trading volume of 15,600 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Several equities analysts have issued reports on SUBCY shares. BNP Paribas restated a “neutral” rating on shares of Subsea 7 in a research note on Monday, September 9th. JPMorgan Chase & Co. cut shares of Subsea 7 from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 17th.

Check Out Our Latest Stock Report on SUBCY

Subsea 7 Stock Performance

Shares of OTCMKTS:SUBCY traded up $0.38 during trading on Friday, hitting $15.73. The company’s stock had a trading volume of 1,304 shares, compared to its average volume of 19,753. The company has a 50-day moving average of $16.24 and a 200-day moving average of $17.42. Subsea 7 has a 12 month low of $12.68 and a 12 month high of $19.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 29.13 and a beta of 1.77.

Subsea 7 Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 31st were paid a $0.2827 dividend. The ex-dividend date of this dividend was Thursday, October 31st. Subsea 7’s dividend payout ratio (DPR) is presently 100.00%.

Subsea 7 Company Profile

(Get Free Report)

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.