GulfMark Offshore (NYSE:GLF) has shown a rise of 7.9% or 414,382 shares in the short positions. The bets have increased to 5,641,137 shares on June 15,2016 from 5,226,755 shares on May 31,2016. With respect to the floated shares, the shorts are 23.5%. The days to cover are calculated to be 15, using the standard per day volume of 373,828 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
GulfMark Offshore (NYSE:GLF): The stock opened at $3.33 on Friday but the bulls could not build on the opening and the stock topped out at $3.46 for the day. The stock traded down to $3.10 during the day, due to lack of any buying support eventually closed down at $3.21 with a loss of -7.76% for the day. The stock had closed at $3.48 on the previous day. The total traded volume was 4,323,564 shares.
The company shares have dropped -73.25% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $12.28 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $4.01 and the 200 Day Moving Average price is recorded at $4.57.
GulfMark Offshore (NYSE:GLF) has tumbled 19.14% during the past week and has dropped 0.93% in the last 4 week period. The stocks have underperformed the S&P 500 by 17.8% during the past week but GulfMark Offshore (NYSE:GLF) it has outperformed the index in 4 weeks by 2.07%.
GulfMark Offshore, Inc. provides offshore marine support and transportation services. The Company offers these services to companies engaged in the offshore exploration and production of oil and natural gas. The Company operates in three segments: the North Sea (N. Sea), which defines the North Sea market as offshore Norway, Great Britain, the Netherlands, Denmark, Germany, Ireland, the Faeroes Islands, Greenland and the Barents Sea; Southeast Asia (SEA), which is defined as offshore Asia bounded on the west by the Indian subcontinent and on the north by China, then south to Australia and east to the Pacific Islands and the Americas, which defines the Americas market as offshore North, Central and South America, specifically, including the United States, Mexico, Trinidad and Brazil. It operates a fleet of 75 offshore supply vessels (OSVs) in the regions, which include 32 vessels in the North Sea, 13 vessels offshore Southeast Asia and 30 vessels offshore the Americas.