Seadrill Limited (SDRL): Price Target and June Short Interest Disclosure

Seadrill Limited (SDRL) : The most positive equity analysts on Seadrill Limited (SDRL) expects the shares to touch $6, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $3.2 with an expected fluctuation of $1.66 from the mean.

The short interest in Seadrill Limited (SDRL) has increased from 63,903,069 on June 15,2016 to 73,730,434 on June 30,2016. The change was measured at 9,827,365 shares or 15.4%. The leftover shorts were 21.5% of the floated shares. The days to cover are 7, given the average daily volume of 11,316,860 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Seadrill Limited (NYSE:SDRL): stock turned positive on Thursday. Though the stock opened at $3.25, the bulls momentum made the stock top out at $3.27 level for the day. The stock recorded a low of $3.16 and closed the trading day at $3.17, in the green by 0.63%. The total traded volume for the day was 6,855,406. The stock had closed at $3.15 in the previous days trading.

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Companys primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, as well as benign and harsh environments. The Company has three operating segments: Floaters, Jack-ups rigs and Other. The Companys Floaters segment includes drillships and semi-submersible rigs. The Companys Jack-ups rigs segment includes jack-up rigs. The Companys Other segment consists primarily of rig management services. The Company, through its subsidiaries, owns and operates its offshore drilling units and makes investments in other offshore drilling and oil services companies. Its subsidiaries include North Atlantic Drilling Ltd, Sevan Drilling ASA and Asia Offshore Drilling. It owns and operates approximately 43 offshore drilling units and has 16 offshore drilling units under construction.

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