SEACOR Marine Holdings Inc. (NYSE:SMHI) Short Interest Update

SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 582,400 shares, a decline of 21.0% from the September 30th total of 737,100 shares. Based on an average trading volume of 170,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.6% of the shares of the company are short sold.

SEACOR Marine Stock Performance

NYSE SMHI traded up $0.25 during mid-day trading on Friday, reaching $8.73. 70,032 shares of the stock were exchanged, compared to its average volume of 165,292. The company has a market capitalization of $240.95 million, a P/E ratio of -10.39 and a beta of 1.27. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.83. The business's 50 day moving average is $9.91 and its 200-day moving average is $11.88. SEACOR Marine has a 1 year low of $8.30 and a 1 year high of $15.36.

SEACOR Marine (NYSE:SMHI - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.29). SEACOR Marine had a negative net margin of 10.92% and a negative return on equity of 8.61%. The business had revenue of $69.87 million for the quarter, compared to analyst estimates of $68.21 million. On average, equities research analysts forecast that SEACOR Marine will post -1.47 EPS for the current fiscal year.

Institutional Trading of SEACOR Marine

A number of institutional investors and hedge funds have recently made changes to their positions in SMHI. Glenorchy Capital Ltd acquired a new position in shares of SEACOR Marine during the 3rd quarter worth about $1,470,000. Capricorn Fund Managers Ltd acquired a new position in shares of SEACOR Marine during the third quarter valued at approximately $253,000. Sanctuary Advisors LLC purchased a new position in shares of SEACOR Marine in the second quarter valued at approximately $127,000. Herr Investment Group LLC acquired a new stake in shares of SEACOR Marine in the second quarter worth approximately $3,337,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of SEACOR Marine by 1,809.8% in the second quarter. First Eagle Investment Management LLC now owns 477,440 shares of the company's stock worth $6,441,000 after acquiring an additional 452,440 shares during the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

About SEACOR Marine

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.