Short Interest Filing: What’s Ahead for Tidewater Incorporated (NYSE:TDW) After More Shorted Shares?

November 17, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Filing: What’s Ahead for Tidewater Incorporated (NYSE:TDW) After More Shorted Shares?

The stock of Tidewater Incorporated (NYSE:TDW) registered an increase of 0.84% in short interest. TDW’s total short interest was 18.23 million shares in November as published by FINRA. Its up 0.84% from 18.08M shares, reported previously. With 1.23 million shares average volume, it will take short sellers 15 days to cover their TDW’s short positions. The short interest to Tidewater Incorporated’s float is 39.04%. About 1.10 million shares traded hands. Tidewater Inc. (NYSE:TDW) has declined 69.23% since April 15, 2016 and is downtrending. It has underperformed by 73.85% the S&P500.

Tidewater Inc. provides offshore service vessels and marine support services. The company has a market cap of $127.59 million. The Firm operates through four divisions: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. It currently has negative earnings. The Company’s Americas segment includes the activities of the Company’s North American operations, which include activities in the United States Gulf of Mexico , and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as activities of offshore Mexico, Trinidad and Brazil.

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.17, from 1.07 in 2016Q1. The ratio dived, as 25 funds sold all Tidewater Inc. shares owned while 46 reduced positions. 11 funds bought stakes while 53 increased positions. They now own 46.08 million shares or 9.04% less from 50.66 million shares in 2016Q1.
Grantham Mayo Van Otterloo Com Limited Liability Com has 0% invested in the company for 28,900 shares. Quantitative Invest Mngmt Ltd Liability Corp holds 0.01% of its portfolio in Tidewater Inc. (NYSE:TDW) for 45,100 shares. Moreover, Kanaly Trust has 0% invested in Tidewater Inc. (NYSE:TDW) for 1,500 shares. Kornitzer Cap Mngmt Inc Ks holds 0% or 47,280 shares in its portfolio. The Guernsey-based Airain Ltd has invested 0.01% in Tidewater Inc. (NYSE:TDW). California State Teachers Retirement Sys accumulated 0% or 99,354 shares. Tiaa Cref Inv Management Limited Liability Co last reported 0% of its portfolio in the stock. Swiss Bankshares holds 0% or 84,900 shares in its portfolio. Blackrock Fund Advisors last reported 0% of its portfolio in the stock. National Bank Of Montreal Can owns 32,150 shares or 0% of their US portfolio. Deutsche Natl Bank Ag has 1.18M shares for 0% of their US portfolio. The Pennsylvania-based Hudock Capital Grp Limited Liability Corp has invested 0% in Tidewater Inc. (NYSE:TDW). D E Shaw Co accumulated 102,536 shares or 0% of the stock. California Pub Employees Retirement holds 511,746 shares or 0% of its portfolio. Sprucegrove Investment last reported 0.66% of its portfolio in the stock.

Tidewater Inc. (NYSE:TDW) Ratings Coverage

Out of 10 analysts covering Tidewater (NYSE:TDW), 1 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 10% are positive. Tidewater has been the topic of 16 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Cowen & Co downgraded it to “Market Perform” rating and $6.50 target price in Monday, January 11 report. The firm has “Outperform” rating given on Wednesday, September 16 by Cowen & Co. The firm has “Hold” rating given on Tuesday, December 22 by Argus Research. Argus Research maintained Tidewater Inc. (NYSE:TDW) rating on Monday, October 12. Argus Research has “Buy” rating and $21 price target. The company was maintained on Thursday, November 5 by Howard Weil. iBERIA Capital Partners downgraded the stock to “Sector Perform” rating in Friday, May 27 report. The company was downgraded on Tuesday, October 25 by Argus Research. The rating was downgraded by Johnson Rice to “Hold” on Wednesday, August 10. The firm has “Sell” rating by Clarkson Platou given on Tuesday, March 8. The rating was upgraded by Zacks to “Hold” on Friday, September 4.

TDW Company Profile

Tidewater Inc., incorporated on February 7, 1956, provides offshore service vessels and marine support services to the global offshore energy industry. The Firm operates a fleet of marine service vessels. The Firm operates through four divisions: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Company’s Americas segment includes the activities of the Company’s North American operations, which include activities in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as activities of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its activities in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company’s Sub-Saharan Africa/Europe segment includes activities conducted along the East and West Coasts of Africa, as well as activities in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets.

Another recent and important Tidewater Inc. (NYSE:TDW) news was published by Prnewswire.com which published an article titled: “Tidewater Announces Conference Call” on October 31, 2016.

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By Clifton Ray


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