Helix Energy Solutions Group, Inc. (NYSE:HLX) Short Interest Update

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 7,460,000 shares, a decrease of 12.4% from the December 31st total of 8,520,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is currently 4.8 days. Approximately 5.2% of the shares of the stock are sold short.

Insider Transactions at Helix Energy Solutions Group

In related news, Director Diana Glassman sold 16,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total value of $159,040.00. Following the sale, the director now owns 26,133 shares of the company's stock, valued at approximately $259,762.02. This trade represents a 37.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott Andrew Sparks sold 170,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total value of $1,677,900.00. Following the completion of the transaction, the chief operating officer now owns 112,634 shares of the company's stock, valued at approximately $1,111,697.58. This represents a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 269,991 shares of company stock worth $2,607,137. Insiders own 6.37% of the company's stock.

Institutional Investors Weigh In On Helix Energy Solutions Group

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Helix Energy Solutions Group by 11.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company's stock valued at $11,829,000 after purchasing an additional 106,582 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Helix Energy Solutions Group by 217.0% in the third quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company's stock worth $3,394,000 after purchasing an additional 209,311 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Helix Energy Solutions Group by 3.9% in the third quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company's stock worth $21,549,000 after purchasing an additional 72,945 shares during the last quarter. Semanteon Capital Management LP bought a new position in shares of Helix Energy Solutions Group in the third quarter valued at approximately $628,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock valued at $22,919,000 after acquiring an additional 575,450 shares in the last quarter. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Trading Down 0.3 %

Shares of NYSE HLX traded down $0.03 during trading on Wednesday, reaching $8.28. The company had a trading volume of 622,609 shares, compared to its average volume of 1,348,151. The company's fifty day moving average price is $9.27 and its 200-day moving average price is $10.06. Helix Energy Solutions Group has a 12 month low of $7.76 and a 12 month high of $13.05. The stock has a market cap of $1.26 billion, a P/E ratio of 207.18 and a beta of 2.43. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Analyst Upgrades and Downgrades

HLX has been the subject of several research reports. StockNews.com raised Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th. TD Cowen lowered their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, BTIG Research lowered Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research report on Thursday, October 24th.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.