Civeo Co. (NYSE:CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 85,500 shares, a decrease of 7.0% from the January 15th total of 91,900 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 80,100 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Civeo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 29th.

Civeo Stock Performance

Shares of CVEO traded down $0.08 during mid-day trading on Monday, hitting $24.88. 54,130 shares of the company’s stock were exchanged, compared to its average volume of 85,474. Civeo has a fifty-two week low of $21.15 and a fifty-two week high of $28.92. The firm has a market capitalization of $342.53 million, a P/E ratio of 17.77 and a beta of 2.00. The business’s 50 day moving average is $23.32 and its two-hundred day moving average is $25.48. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18.

Civeo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 4.02%. Civeo’s dividend payout ratio (DPR) is 71.43%.

Institutional Investors Weigh In On Civeo

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in Civeo by 4.8% in the fourth quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider’s stock valued at $448,000 after purchasing an additional 894 shares during the period. SG Americas Securities LLC lifted its position in Civeo by 42.4% in the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 1,950 shares during the period. Quantbot Technologies LP purchased a new position in Civeo in the third quarter valued at about $68,000. LPL Financial LLC increased its holdings in Civeo by 11.1% in the fourth quarter. LPL Financial LLC now owns 25,687 shares of the business services provider’s stock valued at $584,000 after buying an additional 2,575 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Civeo in the fourth quarter valued at about $94,000. Institutional investors and hedge funds own 81.44% of the company’s stock.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.