Short Interest in Subsea 7 S.A. (OTCMKTS:SUBCY) Declines By 67.7%

Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,000 shares, a drop of 67.7% from the January 15th total of 3,100 shares. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 0.1 days.

Subsea 7 Trading Down 0.5 %

Shares of OTCMKTS:SUBCY traded down $0.08 during midday trading on Friday, reaching $16.10. The company's stock had a trading volume of 2,559 shares, compared to its average volume of 4,956. The business has a 50 day moving average price of $16.43 and a 200 day moving average price of $16.66. Subsea 7 has a 1 year low of $12.94 and a 1 year high of $19.60. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 80.50 and a beta of 1.71. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The energy company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. Research analysts forecast that Subsea 7 will post 0.86 EPS for the current year.

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.