Civeo Co. (CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) was the recipient of a large growth in short interest in the month of January. As of January 12th, there was short interest totalling 1,093,629 shares, a growth of 80.8% from the December 29th total of 604,962 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 1,101,934 shares, the short-interest ratio is currently 1.0 days.

A number of research analysts have issued reports on CVEO shares. BidaskClub lowered shares of Civeo from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Royal Bank of Canada set a $3.00 target price on shares of Civeo and gave the company a “hold” rating in a research note on Thursday, December 21st. Finally, ValuEngine raised shares of Civeo from a “sell” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $4.17.

Several large investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. lifted its stake in Civeo by 0.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 5,478,057 shares of the business services provider’s stock valued at $15,612,000 after purchasing an additional 26,040 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Civeo by 37.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,235,066 shares of the business services provider’s stock valued at $4,694,000 after purchasing an additional 604,605 shares during the last quarter. Boston Partners lifted its stake in Civeo by 14.4% during the fourth quarter. Boston Partners now owns 2,067,617 shares of the business services provider’s stock valued at $5,645,000 after purchasing an additional 259,501 shares during the last quarter. 22NW LP lifted its stake in Civeo by 15.8% during the third quarter. 22NW LP now owns 594,965 shares of the business services provider’s stock valued at $1,696,000 after purchasing an additional 81,120 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in Civeo by 82.0% during the third quarter. GSA Capital Partners LLP now owns 424,207 shares of the business services provider’s stock valued at $1,209,000 after purchasing an additional 191,100 shares during the last quarter. 78.84% of the stock is owned by institutional investors.

Shares of Civeo (NYSE CVEO) opened at $3.32 on Monday. The firm has a market cap of $439.10, a P/E ratio of -5.44 and a beta of 4.92. Civeo has a one year low of $1.57 and a one year high of $3.81. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.58.

ILLEGAL ACTIVITY WARNING: This article was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/05/civeo-co-cveo-short-interest-update.html.

Civeo Company Profile

Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.

Receive News & Ratings for Civeo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civeo and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply