Short Interest in SEACOR Marine Holdings Inc. (NYSE:SMHI) Increases By 20.1%

SEACOR Marine Holdings Inc. (NYSE:SMHI) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 938,401 shares, a growth of 20.1% from the January 15th total of 781,328 shares. Based on an average daily volume of 158,302 shares, the days-to-cover ratio is currently 5.9 days. Approximately 4.1% of the company’s shares are sold short. Approximately 4.1% of the company’s shares are sold short. Based on an average daily volume of 158,302 shares, the days-to-cover ratio is currently 5.9 days.

SEACOR Marine Price Performance

SEACOR Marine stock traded up $0.13 during midday trading on Wednesday, reaching $7.31. The company’s stock had a trading volume of 33,756 shares, compared to its average volume of 113,741. The stock’s 50 day simple moving average is $6.59 and its 200 day simple moving average is $6.55. The firm has a market capitalization of $197.06 million, a PE ratio of -5.18 and a beta of 1.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.39. SEACOR Marine has a fifty-two week low of $3.63 and a fifty-two week high of $7.88.

Analyst Ratings Changes

A number of analysts have recently issued reports on SMHI shares. Wall Street Zen downgraded shares of SEACOR Marine from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research note on Wednesday, January 21st. Finally, Zacks Research cut shares of SEACOR Marine from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, SEACOR Marine has an average rating of “Reduce” and an average target price of $7.00.

Institutional Trading of SEACOR Marine

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after acquiring an additional 1,699 shares during the period. Tower Research Capital LLC TRC boosted its holdings in SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after purchasing an additional 7,406 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in SEACOR Marine during the 4th quarter valued at $60,000. Raymond James Financial Inc. raised its stake in SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after buying an additional 10,000 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in SEACOR Marine by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock valued at $147,000 after purchasing an additional 8,733 shares during the last quarter. 59.05% of the stock is owned by hedge funds and other institutional investors.

SEACOR Marine Company Profile

SEACOR Marine (NYSE:SMHI) is a U.S.-based provider of offshore marine transportation and support services, offering a fleet of platform supply vessels (PSVs), crew transfer vessels, and specialty craft designed for the energy sector. The company serves clients engaged in offshore oil and gas exploration and production, as well as emerging offshore wind and renewable energy projects. Its services include cargo and personnel transfer, subsea support, emergency response, and project logistics.

Formed through the combination of SEACOR Holdings’ offshore marine division and acquired assets from Hornbeck Offshore Services, SEACOR Marine brings together a broad range of technical expertise and vessel capabilities.