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

Subsea 7 S.A. (OTCMKTS:SUBCY) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 100 shares, a decrease of 90.0% from the January 31st total of 1,000 shares. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is presently 0.0 days.

Subsea 7 Price Performance

Shares of OTCMKTS:SUBCY opened at $15.26 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. Subsea 7 has a fifty-two week low of $14.45 and a fifty-two week high of $19.60. The firm has a 50-day simple moving average of $16.53 and a 200 day simple moving average of $16.56. The company has a market cap of $4.61 billion, a PE ratio of 76.30 and a beta of 1.71.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings data 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). Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.81 billion. On average, sell-side analysts anticipate that Subsea 7 will post 0.86 EPS 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.