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

Subsea 7 S.A. (OTCMKTS:SUBCY) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 100 shares, a drop of 83.3% from the October 31st total of 600 shares. Based on an average daily trading volume, of 15,600 shares, the short-interest ratio is presently 0.0 days.

Subsea 7 Stock Performance

Shares of OTCMKTS SUBCY traded up $0.38 during midday trading on Wednesday, hitting $15.73. 1,304 shares of the stock traded hands, compared to its average volume of 19,753. 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 has a one year low of $12.68 and a one year high of $19.60. The firm has a market capitalization of $4.75 billion, a P/E ratio of 29.13 and a beta of 1.77. The firm has a 50-day moving average of $16.28 and a two-hundred day moving average of $17.43.

Subsea 7 Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 31st were given a $0.2827 dividend. The ex-dividend date was Thursday, October 31st. Subsea 7’s payout ratio is 100.00%.

Analyst Upgrades and Downgrades

SUBCY has been the subject of a number of recent analyst reports. BNP Paribas reissued a “neutral” rating on shares of Subsea 7 in a research report on Monday, September 9th. JPMorgan Chase & Co. cut shares of Subsea 7 from an “overweight” rating to a “neutral” rating in a report on Thursday, October 17th.

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.