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

Subsea 7 S.A. (OTCMKTS:SUBCY) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 6,200 shares, a growth of 210.0% from the August 31st total of 2,000 shares. Based on an average daily volume of 21,800 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas reaffirmed a “neutral” rating on shares of Subsea 7 in a report on Monday, September 9th.

Subsea 7 Price Performance

SUBCY stock traded down $1.09 during mid-day trading on Friday, reaching $16.01. 3,041 shares of the company’s stock were exchanged, compared to its average volume of 23,047. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 80.07 and a beta of 1.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. Subsea 7 has a 12-month low of $12.38 and a 12-month high of $19.60. The stock’s 50 day moving average is $17.97 and its 200 day moving average is $17.46.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. On average, research analysts expect that Subsea 7 will post 0.86 EPS for the current 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.