Tidewater (NYSE:TDW) stated loss of 2,395,896 shares or 14.8% in the short interest. The short interest registered from 16,143,981 on May 31,2016 to 13,748,085 on June 15,2016. In terms of floated shares, the shorted positions stood at 29.5%. The stock has been averaging 2,064,825 shares daily in trading and would need 7 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Tidewater (NYSE:TDW): The stock opened at $4.55 on Friday but the bulls could not build on the opening and the stock topped out at $4.72 for the day. The stock traded down to $4.50 during the day, due to lack of any buying support eventually closed down at $4.68 with a loss of -4.29% for the day. The stock had closed at $4.89 on the previous day. The total traded volume was 2,511,316 shares.
The company shares have dropped -79.46% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $23.87 and the one year low was seen on May 26, 2016. The 50-Day Moving Average price is $5.66 and the 200 Day Moving Average price is recorded at $6.38.
Tidewater (NYSE:TDW) has tumbled 4.29% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 10.38% in the last four weeks. The stocks have underperformed the S&P 500 by 2.71% during the past week but Tidewater (NYSE:TDW) it has outperformed the index in 4 weeks by 13.72%.
Tidewater Inc. provides offshore service vessels and marine support services to the global offshore energy industry. The Company operates through four operating segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Americas segment includes the activities of its North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations in Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian, Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in the Caspian Sea, the North Sea, and other arctic and cold water markets.