Short Interest in Subsea 7 S.A. (OTCMKTS:SUBCY) Expands By 2,800.0%

Subsea 7 S.A. (OTCMKTS:SUBCY) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,900 shares, a growth of 2,800.0% from the February 13th total of 100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 15,800 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th.

Subsea 7 Stock Performance

OTCMKTS:SUBCY traded up $0.13 during midday trading on Wednesday, reaching $14.41. 1,384 shares of the company traded hands, compared to its average volume of 5,770. Subsea 7 has a twelve month low of $14.18 and a twelve month high of $19.60. 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 fifty day moving average price of $16.37 and a 200 day moving average price of $16.36. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 72.05 and a beta of 1.70.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, February 27th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.15). The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.81 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. On average, analysts expect that Subsea 7 will post 0.86 EPS for the current fiscal year.

About Subsea 7

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.