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

Subsea 7 S.A. (OTCMKTS:SUBCY) was the target of a large decline in short interest in the month of 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 currently 0.0 days.

Subsea 7 Stock Performance

OTCMKTS SUBCY opened at $15.26 on Friday. Subsea 7 has a twelve month low of $14.45 and a twelve month high of $19.60. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 76.30 and a beta of 1.71. The stock has a 50-day moving average of $16.53 and a 200 day moving average of $16.56.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, February 27th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). The firm had revenue of $1.87 billion during 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%. Sell-side analysts anticipate that Subsea 7 will post 0.86 EPS for the current fiscal 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.