Tidewater (TDW) : Traders are getting increasingly bearish on Tidewater (TDW), as can be seen in the addition of short positions from 14,955,405 on Jul 29, 2016, to 17,990,596 on August 15, 2016. The net change in shorts is 3,035,191 shares, an increase of 20.3%. 7 days remain before the expiry. The 38.5% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 2,536,233. The short interest information was released on Wednesday Aug 24th after the market close.
Tidewater (NYSE:TDW): The stock opened at $3.35 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.37 for the day. The stock traded down to $3.17 during the day, due to lack of any buying support eventually closed down at $3.18 with a loss of -6.47% for the day. The stock had closed at $3.40 on the previous day. The total traded volume was 1,279,734 shares.
In a related news, Bennett Joseph M, officer (Executive Vice President) of Tidewater Inc, executed a transaction worth $93,600 on December 1, 2015. A total of 10,000 shares were purchased at an average price of $9.36. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.