Short Interest in Subsea 7 S.A. (OTCMKTS:SUBCY) Expands By 39.1%

Subsea 7 S.A. (OTCMKTS:SUBCY) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,200 shares, an increase of 39.1% from the March 31st total of 2,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 0.2 days.

Subsea 7 Stock Up 1.9 %

OTCMKTS SUBCY opened at $15.28 on Friday. Subsea 7 has a twelve month low of $12.15 and a twelve month high of $19.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.07. The stock has a market cap of $4.62 billion, a PE ratio of 76.41 and a beta of 1.38. The firm has a 50-day simple moving average of $14.74 and a 200 day simple moving average of $15.71.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Wednesday, April 30th. The energy company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.46 billion. On average, research analysts forecast that Subsea 7 will post 0.86 EPS for the current year.

Analyst Ratings Changes

Separately, Barclays raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th.

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.