Is Seadrill Limited Ordinary Shares (bermuda) (NYSE:SDRL) a Buy? The Stock Reported Less Sellers

April 15, 2018 - By Nellie Frank

SeaDrill Limited (NYSE:SDRL) Logo

The stock of Seadrill Limited Ordinary Shares (bermuda) (NYSE:SDRL) registered a decrease of 17.51% in short interest. SDRL’s total short interest was 21.36M shares in April as published by FINRA. Its down 17.51% from 25.89 million shares, reported previously. With 2.50 million shares average volume, it will take short sellers 9 days to cover their SDRL’s short positions. The short interest to Seadrill Limited Ordinary Shares (bermuda)’s float is 5.94%.

The stock increased 1.36% or $0.003 during the last trading session, reaching $0.2242. About 1.32 million shares traded. SeaDrill Limited (NYSE:SDRL) has declined 83.83% since April 15, 2017 and is downtrending. It has underperformed by 95.38% the S&P500.

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the gas and oil industry worldwide. The company has market cap of $113.10 million. The firm operates through three divisions: Floaters, Jack-up Rigs, and Other. It currently has negative earnings. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells.

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