Short Interest Reporting: Is Diamond Offshore Drilling IN (NYSE:DO)’s Fuel Running High? Reports Show Less Sellers

December 1, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Reporting: Is Diamond Offshore Drilling IN (NYSE:DO)’s Fuel Running High? Reports Show Less Sellers

The stock of Diamond Offshore Drilling IN (NYSE:DO) registered a decrease of 2.05% in short interest. DO’s total short interest was 20.57M shares in December as published by FINRA. Its down 2.05% from 21.00 million shares, reported previously. With 2.94M shares average volume, it will take short sellers 7 days to cover their DO’s short positions. The short interest to Diamond Offshore Drilling IN’s float is 32.14%. About 380,820 shares traded hands. Diamond Offshore Drilling Inc (NYSE:DO) has declined 25.65% since April 28, 2016 and is downtrending. It has underperformed by 31.57% the S&P500.

Diamond Offshore Drilling, Inc. is engaged in offshore drilling and providing contract drilling services to the energy industry. The company has a market cap of $2.96 billion. The Firm has a fleet of approximately 30 offshore drilling rigs, such as semisubmersibles, jack-ups and dynamically positioned drillships. It currently has negative earnings. The Company’s fleet offers a range of services around the world in the floater market (ultra-deepwater, deepwater and mid-water).

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.02, from 1.15 in 2016Q1. The ratio dived, as 36 funds sold all Diamond Offshore Drilling Inc shares owned while 81 reduced positions. 45 funds bought stakes while 90 increased positions. They now own 140.39 million shares or 2.33% more from 137.20 million shares in 2016Q1.
Highbridge Mgmt Limited Liability Corp accumulated 28,997 shares or 0.01% of the stock. Palo Cap Incorporated accumulated 0.12% or 14,800 shares. Commonwealth Commercial Bank Of has 0.01% invested in the company for 47,341 shares. Focused Wealth Management has 623 shares for 0.01% of their US portfolio. New York State Teachers Retirement Systems has invested 0.01% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO). Bluecrest Mgmt Limited has 0.08% invested in the company for 76,578 shares. The California-based Blackrock Institutional Tru Na has invested 0.01% in Diamond Offshore Drilling Inc (NYSE:DO). The Georgia-based Synovus Financial has invested 0% in Diamond Offshore Drilling Inc (NYSE:DO). Jacobs Levy Equity Inc has 0.07% invested in the company for 140,700 shares. Metropolitan Life Ins Communications New York holds 33,605 shares or 0.01% of its portfolio. Vanguard holds 0.01% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO) for 7.21 million shares. Moreover, Gabelli Funds Lc has 0.01% invested in Diamond Offshore Drilling Inc (NYSE:DO) for 70,000 shares. The Texas-based Opportunities Ltd Llc has invested 0.81% in Diamond Offshore Drilling Inc (NYSE:DO). Stoneridge Invest Prtn Ltd Com holds 0.32% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO) for 88,872 shares. Stephens Ar accumulated 0.06% or 57,319 shares.

Insider Transactions: Since November 8, 2016, the stock had 0 buys, and 1 insider sale for $62,004 net activity. On Tuesday, November 8 the insider Gaffney Paul G sold $62,004.

Diamond Offshore Drilling Inc (NYSE:DO) Ratings Coverage

Out of 25 analysts covering Diamond Offshore Drilling Inc. (NYSE:DO), 6 rate it a “Buy”, 5 “Sell”, while 14 “Hold”. This means 24% are positive. Diamond Offshore Drilling Inc. has been the topic of 46 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Diamond Offshore Drilling Inc (NYSE:DO) has “Neutral” rating given on Friday, March 11 by Simmons & Co. The firm has “Sector Perform” rating by Iberia Capital Partners given on Tuesday, November 3. The firm earned “Sector Perform” rating on Wednesday, September 14 by Howard Weil. The company was maintained on Thursday, August 25 by Citigroup. The rating was maintained by Jefferies with “Hold” on Wednesday, September 28. As per Tuesday, May 31, the company rating was upgraded by KLR Group. On Friday, August 12 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. On Friday, March 11 the stock rating was upgraded by Goldman Sachs to “Neutral”. The rating was maintained by Jefferies on Thursday, November 19 with “Hold”. The stock has “Neutral” rating given by Citigroup on Friday, September 2.

DO Company Profile

Diamond Offshore Drilling, Inc., incorporated on April 12, 1989, is engaged in offshore drilling and providing contract drilling services to the energy industry. The Firm has a fleet of approximately 30 offshore drilling rigs, such as semisubmersibles, jack-ups and dynamically positioned (DP) drillships. The Company’s fleet offers a range of services around the world in the floater market (ultra-deepwater, deepwater and mid-water). The Company’s Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. The Company’s jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of the Company’s jack-up rigs are equipped with a cantilever system that enables the rig to extend its drilling package over the aft end of the rig.

Another recent and important Diamond Offshore Drilling Inc (NYSE:DO) news was published by Foxbusiness.com which published an article titled: “Here’s Why Seadrill Ltd, Noble Corporation, and Diamond Offshore Drilling Inc …” on November 30, 2016.

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By Marie Mckinney

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