Short Interest in Subsea 7 S.A. (OTCMKTS:SUBCY) Grows By 41.4%

Subsea 7 S.A. (OTCMKTS:SUBCY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,100 shares, a growth of 41.4% from the February 28th total of 2,900 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,900 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

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

Subsea 7 Price Performance

Shares of OTCMKTS:SUBCY traded down $0.18 on Tuesday, hitting $15.92. The stock had a trading volume of 19,156 shares, compared to its average volume of 5,402. Subsea 7 has a twelve month low of $14.18 and a twelve month high of $19.60. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 79.60 and a beta of 1.70. The firm’s 50 day moving average price is $16.04 and its 200-day moving average price is $16.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.07.

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