Short Interest in Pacific Drilling SA (NYSE:PACD) Grows By 44.8%
Pacific Drilling SA (NYSE:PACD) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 243,200 shares, a growth of 44.8% from the May 30th total of 167,900 shares. Based on an average trading volume of 116,100 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.4% of the company’s shares are short sold.
PACD traded down $0.37 during midday trading on Friday, reaching $11.11. 67,000 shares of the company’s stock traded hands, compared to its average volume of 277,531. The firm has a fifty day moving average price of $12.82. The company has a debt-to-equity ratio of 0.68, a current ratio of 7.53 and a quick ratio of 6.90. Pacific Drilling has a 52 week low of $9.85 and a 52 week high of $9,500.00.
Pacific Drilling (NYSE:PACD) last announced its earnings results on Monday, May 13th. The company reported ($1.12) earnings per share (EPS) for the quarter. Pacific Drilling had a negative return on equity of 125.49% and a negative net margin of 872.58%. The firm had revenue of $65.92 million during the quarter.
About Pacific Drilling
Pacific Drilling SA, together with its subsidiaries, operates as an offshore drilling contractor. It provides offshore drilling services to the oil and natural gas industry. The company contracts its fleet of rigs to drill wells for its customers. It has a fleet of seven drillships. The company was founded in 2006 and is headquartered in Houston, Texas.
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