Seadrill Ltd (SDRL) Short Interest Update

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.

A hedge fund recently raised its stake in Seadrill stock. Jane Street Group LLC boosted its holdings in shares of Seadrill Ltd (NYSE:SDRL) by 47.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 665,645 shares of the oil and gas company’s stock after purchasing an additional 214,660 shares during the period. Jane Street Group LLC owned about 0.13% of Seadrill worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.76% of the stock is owned by institutional investors.

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About Seadrill

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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