Mcdermott International (NYSE:MDR) Sellers Increased By 4.08% Their Shorts

February 15, 2018 - By Kurt Siggers

 Mcdermott International (NYSE:MDR) Sellers Increased By 4.08% Their Shorts

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.23, from 1.39 in 2017Q2. It dropped, as 24 investors sold McDermott International, Inc. shares while 72 reduced holdings. 36 funds opened positions while 75 raised stakes. 243.14 million shares or 1.18% less from 246.04 million shares in 2017Q2 were reported.
Anchor Advisors Limited Liability Corporation holds 11,720 shares. Invesco Ltd invested in 0% or 1.27 million shares. Macquarie Limited reported 171,700 shares. Everence Cap stated it has 16,190 shares or 0.03% of all its holdings. Systematic Fincl Mngmt Lp invested 0.03% of its portfolio in McDermott International, Inc. (NYSE:MDR). Alliancebernstein Limited Partnership accumulated 666,100 shares. Texas Permanent School Fund holds 0.02% of its portfolio in McDermott International, Inc. (NYSE:MDR) for 207,314 shares. Natixis stated it has 0% of its portfolio in McDermott International, Inc. (NYSE:MDR). Shelton Capital Mgmt reported 0.02% stake. Aqr Capital Mgmt Limited Liability Company invested in 0% or 459,411 shares. Qs Ltd Liability Corporation reported 0% of its portfolio in McDermott International, Inc. (NYSE:MDR). Tower Rech Lc (Trc) has invested 0.01% in McDermott International, Inc. (NYSE:MDR). Swiss Bancshares invested in 474,800 shares or 0% of the stock. Bb&T Secs Ltd Liability Co accumulated 14,606 shares. Hotchkis Wiley Lc reported 7.58 million shares stake.

The stock of Mcdermott International (NYSE:MDR) registered an increase of 4.08% in short interest. MDR’s total short interest was 23.64M shares in February as published by FINRA. Its up 4.08% from 22.71 million shares, reported previously. With 1.53M shares average volume, it will take short sellers 16 days to cover their MDR’s short positions. The short interest to Mcdermott International’s float is 9.91%.

The stock increased 0.26% or $0.02 during the last trading session, reaching $7.8. About 3.68M shares traded. McDermott International, Inc. (NYSE:MDR) has risen 47.07% since February 15, 2017 and is uptrending. It has outperformed by 30.37% the S&P500.

McDermott International, Inc. provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments worldwide. The company has market cap of $2.22 billion. It operates through three divisions: the Americas, Europe and Africa; the Middle East; and Asia. It has a 14.47 P/E ratio. The firm delivers fixed and floating production facilities, pipeline installations, and subsea systems from concept to commissioning for offshore and subsea gas and oil projects.

McDermott International, Inc. (NYSE:MDR) Ratings Coverage

Among 11 analysts covering McDermott International (NYSE:MDR), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. McDermott International had 30 analyst reports since August 12, 2015 according to SRatingsIntel. UBS maintained the stock with “Neutral” rating in Friday, November 3 report. The rating was upgraded by Scotia Capital on Friday, May 26 to “Buy”. DA Davidson maintained McDermott International, Inc. (NYSE:MDR) rating on Monday, March 14. DA Davidson has “Neutral” rating and $4 target. On Tuesday, October 24 the stock rating was maintained by Deutsche Bank with “Hold”. Imperial Capital maintained the stock with “Outperform” rating in Thursday, September 3 report. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. The stock of McDermott International, Inc. (NYSE:MDR) has “Neutral” rating given on Monday, April 4 by Credit Suisse. The stock of McDermott International, Inc. (NYSE:MDR) has “Neutral” rating given on Tuesday, May 24 by Sterne Agee CRT. Citigroup maintained McDermott International, Inc. (NYSE:MDR) on Wednesday, July 27 with “Neutral” rating. The firm earned “Neutral” rating on Friday, November 13 by Citigroup.

More news for McDermott International, Inc. (NYSE:MDR) were recently published by: Seekingalpha.com, which released: “McDermott +6% after strong 2017 earnings estimate, 2018 guidance” on January 24, 2018. Seekingalpha.com‘s article titled: “McDermott: Significant Breakout” and published on January 25, 2018 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.