Seadrill Limited (SDRL) Short Interest Down 9.5% in June

Seadrill Limited (NYSE:SDRL) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 69,191,999 shares, a decline of 9.5% from the June 15th total of 76,449,236 shares. Based on an average trading volume of 10,502,422 shares, the days-to-cover ratio is presently 6.6 days. Currently, 19.5% of the shares of the company are sold short.

Seadrill Limited (SDRL) opened at 0.3815 on Tuesday. Seadrill Limited has a 12-month low of $0.33 and a 12-month high of $4.59. The company’s market cap is $192.45 million. The stock has a 50 day moving average of $0.48 and a 200 day moving average of $1.59.

SDRL has been the topic of several research analyst reports. Societe Generale cut shares of Seadrill Limited from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. ValuEngine cut shares of Seadrill Limited from a “buy” rating to a “hold” rating in a report on Friday, May 26th.

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Seadrill Limited Company Profile

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.

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