McDermott International June 15th Short Interest Update

McDermott International (NYSE:MDR) has seen a rise of 303,580 shares or 0.9% in the short interest. The remaining shorts are 13.9% of the total floated shares. The net short interest, as on June 15,2016, stood at 33,044,672 shares and the stocks days to cover will be 11 by factoring in the average per day volume of 2,907,134 shares. On May 31,2016, 32,741,092 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

McDermott International (NYSE:MDR): The stock opened at $4.80 on Friday but the bulls could not build on the opening and the stock topped out at $4.92 for the day. The stock traded down to $4.71 during the day, due to lack of any buying support eventually closed down at $4.80 with a loss of -6.43% for the day. The stock had closed at $5.13 on the previous day. The total traded volume was 5,477,887 shares.

The company shares have dropped -9.26% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $6.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.69 and the 200 Day Moving Average price is recorded at $3.78.

McDermott International (NYSE:MDR) has climbed 2.13% in the past week and advanced 0.21% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.82% and the outperformance has advanced to 3.24% for the last 4 weeks period.

McDermott International, Inc. is an engineering, procurement, construction and installation (EPCI) company focused on designing and executing offshore oil and gas projects across the world. The Companys operating segments include Asia Pacific, Americas, Middle East and North Sea and Africa. The Asia Pacific segment serves customers in Australia, Indonesia, Vietnam, Malaysia, Thailand and India. The Americas segment serves customers in the United States, Brazil, Mexico, Trinidad and Africa. The Middle East segment includes its North Sea and Africa operations, which serves customers in Saudi Arabia, Qatar, the United Arab Emirates (U.A.E.), Kuwait, India, Azerbaijan, Russia, the North Sea and Africa. It delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning. Its customers include national, integrated and other oil and gas companies, and it operates in offshore oil and gas producing regions throughout the world.

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