Civeo Co. (NYSE:CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) saw a significant decline in short interest during 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. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 80,100 shares, the short-interest ratio is presently 1.1 days.

Civeo Stock Performance

Shares of NYSE CVEO traded up $0.19 during trading hours on Tuesday, hitting $25.06. 32,535 shares of the company’s stock were exchanged, compared to its average volume of 96,269. Civeo has a 1-year low of $21.15 and a 1-year high of $28.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The stock has a market capitalization of $345.01 million, a price-to-earnings ratio of 17.90 and a beta of 2.00. The company’s 50-day moving average price is $23.35 and its 200-day moving average price is $25.46.

Civeo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 3.99%. Civeo’s dividend payout ratio is presently 71.43%.

Hedge Funds Weigh In On Civeo

Several large investors have recently made changes to their positions in the business. FMR LLC raised its holdings in Civeo by 3.4% in the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock valued at $41,767,000 after acquiring an additional 50,400 shares in the last quarter. TCW Group Inc. raised its holdings in Civeo by 4.2% in the 4th quarter. TCW Group Inc. now owns 780,217 shares of the business services provider’s stock valued at $17,727,000 after acquiring an additional 31,157 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Civeo by 3.2% in the 4th quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider’s stock valued at $14,987,000 after acquiring an additional 20,200 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Civeo by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 517,457 shares of the business services provider’s stock valued at $11,756,000 after acquiring an additional 35,648 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Civeo by 15.9% in the 4th quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider’s stock valued at $9,043,000 after acquiring an additional 54,532 shares in the last quarter. Institutional investors and hedge funds own 81.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Civeo

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.