Short Interest in SEACOR Marine Holdings Inc. (NYSE:SMHI) Drops By 28.4%

SEACOR Marine Holdings Inc. (NYSE:SMHIGet Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 143,600 shares, a drop of 28.4% from the March 15th total of 200,500 shares. Based on an average trading volume of 151,900 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.6% of the company’s stock are sold short.

SEACOR Marine Stock Down 0.8 %

SMHI traded down $0.11 during midday trading on Friday, hitting $13.22. 121,737 shares of the company’s stock traded hands, compared to its average volume of 231,568. The company has a market cap of $359.32 million, a PE ratio of -36.72 and a beta of 1.22. The stock’s fifty day simple moving average is $12.27 and its 200-day simple moving average is $12.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.14 and a quick ratio of 2.12. SEACOR Marine has a one year low of $7.51 and a one year high of $15.24.

SEACOR Marine (NYSE:SMHIGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.69. The firm had revenue of $73.08 million for the quarter, compared to analyst estimates of $63.55 million. SEACOR Marine had a negative net margin of 3.38% and a negative return on equity of 2.52%. As a group, equities analysts anticipate that SEACOR Marine will post -0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEACOR Marine

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates acquired a new position in SEACOR Marine during the third quarter valued at approximately $26,000. UBS Group AG grew its holdings in SEACOR Marine by 59.0% during the first quarter. UBS Group AG now owns 5,118 shares of the company’s stock valued at $42,000 after purchasing an additional 1,899 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in SEACOR Marine by 543.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,794 shares of the company’s stock valued at $86,000 after purchasing an additional 5,738 shares during the last quarter. California State Teachers Retirement System acquired a new position in SEACOR Marine during the second quarter valued at approximately $92,000. Finally, Barclays PLC acquired a new position in SEACOR Marine during the first quarter valued at approximately $62,000. Institutional investors and hedge funds own 59.05% of the company’s stock.

SEACOR Marine Company Profile

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SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.

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