Today’s Shorts Alert: Civeo Corporation (NYSE:CVEO) Has Decline in Shorts

November 30, 2016 - By Winifred Garcia   ·   0 Comments

Today's Shorts Alert: Civeo Corporation (NYSE:CVEO) Has Decline in Shorts

The stock of Civeo Corporation (NYSE:CVEO) registered a decrease of 20.61% in short interest. CVEO’s total short interest was 360,500 shares in November as published by FINRA. Its down 20.61% from 454,100 shares, reported previously. With 706,500 shares average volume, it will take short sellers 1 days to cover their CVEO’s short positions. The short interest to Civeo Corporation’s float is 0.39%. About 1.02M shares traded hands or 24.20% up from the average. Civeo Corporation (Canada) (NYSE:CVEO) has risen 23.61% since April 27, 2016 and is uptrending. It has outperformed by 18.38% the S&P500.

Civeo Corporation (Canada) (NYSE:CVEO) Ratings Coverage

Out of 3 analysts covering Civeo Corporation (NYSE:CVEO), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Civeo Corporation has been the topic of 4 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The firm earned “Sector Outperform” rating on Tuesday, September 15 by Howard Weil. Sterne Agee CRT upgraded the shares of CVEO in a report on Wednesday, September 2 to “Buy” rating. Howard Weil maintained the stock with “Sector Outperform” rating in Friday, May 6 report.

CVEO Company Profile

Civeo Corporation, incorporated on December 23, 2014, is an integrated well-known provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. Once facilities are deployed in the field, the Company also provides catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications and redeployment logistics. The Firm operates through three divisions: Canadian, Australian and U.S.

More news for Civeo Corporation (Canada) (NYSE:CVEO) were recently published by: Wsj.com, which released: “Civeo Plans to Move Headquarters to Canada” on September 29, 2014. Globenewswire.com‘s article titled: “Civeo Corporation Secures C$41 Million in New Canadian Oil Sands Business” and published on January 28, 2016 is yet another important article.

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By Winifred Garcia


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