Subsea 7 S.A. (OTCMKTS:SUBCY) Short Interest Up 39.1% in April

Subsea 7 S.A. (OTCMKTS:SUBCY) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 3,200 shares, a growth of 39.1% from the March 31st total of 2,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Subsea 7 Stock Up 1.9 %

Shares of OTCMKTS SUBCY opened at $15.28 on Friday. 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 company has a market cap of $4.62 billion, a price-to-earnings ratio of 76.41 and a beta of 1.38. Subsea 7 has a 12-month low of $12.15 and a 12-month high of $19.60. The firm’s 50-day simple moving average is $14.74 and its 200 day simple moving average is $15.71.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.09. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. On average, research analysts expect that Subsea 7 will post 0.86 earnings per share 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.