Subsea 7 S.A. (OTCMKTS:SUBCY) Short Interest Down 91.3% in October

Subsea 7 S.A. (OTCMKTS:SUBCYGet Free Report) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 600 shares, a decrease of 91.3% from the October 15th total of 6,900 shares. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is currently 0.1 days.

Subsea 7 Stock Performance

OTCMKTS SUBCY traded up $0.12 on Tuesday, hitting $16.19. 3,058 shares of the stock traded hands, compared to its average volume of 20,643. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.07. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 47.62 and a beta of 1.77. Subsea 7 has a 12 month low of $12.68 and a 12 month high of $19.60. The business’s fifty day moving average is $16.49 and its two-hundred day moving average is $17.48.

Subsea 7 Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 31st were given a dividend of $0.2827 per share. The ex-dividend date of this dividend was Thursday, October 31st. Subsea 7’s dividend payout ratio is presently 158.82%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SUBCY. JPMorgan Chase & Co. cut Subsea 7 from an “overweight” rating to a “neutral” rating in a report on Thursday, October 17th. BNP Paribas reissued a “neutral” rating on shares of Subsea 7 in a research note on Monday, September 9th.

Check Out Our Latest Report on Subsea 7

Subsea 7 Company Profile

(Get Free Report)

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.

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