Short Interest Update on Helix Energy Solutions Group (HLX)

Helix Energy Solutions Group (HLX) : 8 days before expiry, shorts in Helix Energy Solutions Group (HLX) have reduced from 9,619,328 on Jul 29, 2016, to 9,507,192 on August 15, 2016. On an average, 1,221,749 shares are traded on the exchange. The outstanding bearish positions are equal to 9.1% of the float. Short sellers have covered -112,136 shares, a reduction of -1.2%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Helix Energy Solutions Group (NYSE:HLX): The stock opened at $7.98 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.10 for the day. The stock traded down to $7.39 during the day, due to lack of any buying support eventually closed down at $7.47 with a loss of -8.12% for the day. The stock had closed at $8.13 on the previous day. The total traded volume was 1,717,482 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the Director of HELIX ENERGY SOLUTIONS GROUP INC, Rask Jan A had purchased shares worth of $6,437 in a transaction dated on June 24, 2016. A total of 968 shares were purchased at a price of $6.65 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company operates in four business segments: Well Intervention, Robotics, Production Facilities and Subsea Construction. Well Intervention segment includes its vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its well intervention vessels include the Q4000, the Helix 534, the Seawell, the Well Enhancer and the Skandi Constructor, which is a chartered vessel. The Robotics segment operates four chartered vessels, and also includes ROVs, trenchers and ROVDrills designed to offshore subsea construction and well intervention services. The Companys Production Facilities segment, which include the Helix Producer I (HP I), which is a floating production vessel. Its subsea construction operations included the use of umbilical lay and pipelay vessels and ROVs to develop fields in the deepwater.

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