Helix Energy Solutions Group (NYSE:HLX) has shown a rise of 7.6% or 557,483 shares in the short positions. The bets have increased to 7,865,559 shares on June 15,2016 from 7,308,076 shares on May 31,2016. With respect to the floated shares, the shorts are 7.9%. The days to cover are calculated to be 4, using the standard per day volume of 1,789,552 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Helix Energy Solutions Group (NYSE:HLX): The stock opened at $6.46 on Friday but the bulls could not build on the opening and the stock topped out at $6.72 for the day. The stock traded down to $6.34 during the day, due to lack of any buying support eventually closed down at $6.59 with a loss of -5.18% for the day. The stock had closed at $6.95 on the previous day. The total traded volume was 2,056,147 shares.
The company shares have dropped -48.99% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $13.20 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $7.52 and the 200 Day Moving Average price is recorded at $5.67.
Helix Energy Solutions Group (NYSE:HLX) has tumbled 8.47% during the past week and has dropped 15.84% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.95%. Helix Energy Solutions Group (NYSE:HLX) has underperformed the index by 13.29% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company operates in four business segments: Well Intervention, Robotics, Production Facilities and Subsea Construction. Well Intervention segment includes its vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its well intervention vessels include the Q4000, the Helix 534, the Seawell, the Well Enhancer and the Skandi Constructor, which is a chartered vessel. The Robotics segment operates four chartered vessels, and also includes ROVs, trenchers and ROVDrills designed to offshore subsea construction and well intervention services. The Companys Production Facilities segment, which include the Helix Producer I (HP I), which is a floating production vessel. Its subsea construction operations included the use of umbilical lay and pipelay vessels and ROVs to develop fields in the deepwater.