Subsea 7 S.A. (OTCMKTS:SUBCY) Sees Large Decline in Short Interest

Subsea 7 S.A. (OTCMKTS:SUBCY) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 100 shares, a decline of 83.3% from the October 31st total of 600 shares. Based on an average daily volume of 15,600 shares, the short-interest ratio is currently 0.0 days.

Subsea 7 Stock Up 2.5 %

SUBCY traded up $0.38 on Thursday, reaching $15.73. The company’s stock had a trading volume of 1,304 shares, compared to its average volume of 19,753. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 29.13 and a beta of 1.77. Subsea 7 has a fifty-two week low of $12.68 and a fifty-two week high of $19.60. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $16.24 and a two-hundred day moving average of $17.42.

Subsea 7 Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 31st were given a dividend of $0.2827 per share. The ex-dividend date was Thursday, October 31st. Subsea 7’s dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. lowered Subsea 7 from an “overweight” rating to a “neutral” rating in a report on Thursday, October 17th. BNP Paribas reaffirmed a “neutral” rating on shares of Subsea 7 in a research report on Monday, September 9th.

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.