Civeo Co. (NYSE:CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 85,500 shares, a decline of 7.0% from the January 15th total of 91,900 shares. Based on an average daily volume of 80,100 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Trading of Civeo

Large investors have recently modified their holdings of the stock. Topline Capital Management LLC purchased a new position in Civeo in the fourth quarter valued at $4,663,000. Balyasny Asset Management L.P. purchased a new position in Civeo in the fourth quarter valued at $1,941,000. Meros Investment Management LP purchased a new position in Civeo in the third quarter valued at $2,332,000. Arrowstreet Capital Limited Partnership increased its holdings in Civeo by 63.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 170,118 shares of the business services provider’s stock valued at $3,865,000 after buying an additional 66,097 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Civeo in the fourth quarter valued at $1,452,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Civeo Stock Down 0.3 %

Shares of Civeo stock traded down $0.08 during trading hours on Monday, reaching $24.88. 54,130 shares of the company were exchanged, compared to its average volume of 85,474. Civeo has a 1 year low of $21.15 and a 1 year high of $28.92. The stock’s fifty day moving average is $23.32 and its 200 day moving average is $25.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The firm has a market cap of $342.53 million, a PE ratio of 17.77 and a beta of 2.00.

Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, February 24th. Civeo’s dividend payout ratio is currently 71.43%.

Analyst Ratings Changes

Separately, StockNews.com lowered Civeo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 29th.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.