Subsea 7 S.A. (OTCMKTS:SUBCY) Sees Significant Drop in Short Interest

Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 100 shares, a decline of 90.0% from the January 31st total of 1,000 shares. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is presently 0.0 days.

Subsea 7 Price Performance

SUBCY stock traded down $0.67 during mid-day trading on Monday, reaching $14.59. 16,345 shares of the company traded hands, compared to its average volume of 5,946. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. The company has a market capitalization of $4.41 billion, a P/E ratio of 72.95 and a beta of 1.71. Subsea 7 has a 52-week low of $14.59 and a 52-week high of $19.60. The company has a fifty day moving average price of $16.51 and a 200-day moving average price of $16.52.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15). Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.81 billion. As a group, analysts anticipate that Subsea 7 will post 0.86 earnings per share 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.