Helix Energy Solutions Group, Inc. (NYSE:HLX) Short Interest Update

Helix Energy Solutions Group, Inc. (NYSE:HLX) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 7,460,000 shares, a decline of 12.4% from the December 31st total of 8,520,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is presently 4.8 days. Approximately 5.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HLX shares. TD Cowen dropped their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th.

Helix Energy Solutions Group Stock Performance

Shares of HLX opened at $8.00 on Friday. The company’s 50 day simple moving average is $9.38 and its 200-day simple moving average is $10.16. Helix Energy Solutions Group has a 12-month low of $7.98 and a 12-month high of $13.05. The firm has a market cap of $1.22 billion, a PE ratio of 200.05 and a beta of 2.46. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Insider Activity at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the sale, the executive vice president now directly owns 104,549 shares in the company, valued at approximately $958,714.33. This trade represents a 44.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Scott Andrew Sparks sold 170,000 shares of Helix Energy Solutions Group stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the sale, the chief operating officer now directly owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. This trade represents a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,991 shares of company stock worth $2,607,137. Corporate insiders own 6.37% of the company’s stock.

Hedge Funds Weigh In On Helix Energy Solutions Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. grew its stake in shares of Helix Energy Solutions Group by 12.3% in the 2nd quarter. Sei Investments Co. now owns 31,545 shares of the oil and gas company’s stock valued at $377,000 after purchasing an additional 3,451 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Helix Energy Solutions Group by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,081 shares of the oil and gas company’s stock valued at $885,000 after buying an additional 3,559 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Helix Energy Solutions Group during the 2nd quarter worth $45,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Helix Energy Solutions Group in the 2nd quarter worth $2,269,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Helix Energy Solutions Group by 126.3% in the third quarter. SG Americas Securities LLC now owns 77,923 shares of the oil and gas company’s stock valued at $865,000 after acquiring an additional 43,495 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.