Seadrill Ltd (NYSE:SDRL) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 24,761,250 shares, a growth of 20.1% from the October 31st total of 20,610,951 shares. Currently, 7.0% of the shares of the company are sold short. Based on an average daily volume of 13,284,525 shares, the short-interest ratio is currently 1.9 days.
Separately, ValuEngine upgraded shares of Seadrill from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.
Seadrill (SDRL) opened at $0.30 on Monday. The stock has a market cap of $149.82, a price-to-earnings ratio of 0.51 and a beta of 3.01. Seadrill has a 1 year low of $0.15 and a 1 year high of $4.59. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56.
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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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