Civeo Co. (NYSE:CVEO) Short Interest Down 7.0% in January

Civeo Co. (NYSE:CVEO - Get Free Report) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 85,500 shares, a decline of 7.0% from the January 15th total of 91,900 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 80,100 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Civeo

Several hedge funds have recently added to or reduced their stakes in CVEO. JPMorgan Chase & Co. grew its holdings in shares of Civeo by 4.8% during the fourth quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider's stock worth $448,000 after buying an additional 894 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Civeo by 42.4% during the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock worth $149,000 after acquiring an additional 1,950 shares during the period. Quantbot Technologies LP acquired a new stake in Civeo during the 3rd quarter worth approximately $68,000. LPL Financial LLC boosted its stake in Civeo by 11.1% in the 4th quarter. LPL Financial LLC now owns 25,687 shares of the business services provider's stock valued at $584,000 after purchasing an additional 2,575 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Civeo in the 4th quarter valued at $94,000. Institutional investors and hedge funds own 81.44% of the company's stock.

Civeo Price Performance

Shares of CVEO stock traded up $0.41 during trading hours on Friday, hitting $27.37. 55,039 shares of the company's stock were exchanged, compared to its average volume of 107,051. The stock's 50-day moving average is $23.52 and its 200-day moving average is $25.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The stock has a market cap of $376.82 million, a price-to-earnings ratio of 19.55 and a beta of 2.00. Civeo has a 52 week low of $21.15 and a 52 week high of $28.92.

Civeo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, February 24th. Civeo's payout ratio is 71.43%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Civeo from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 29th.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.