Civeo Co. (NYSE:CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 85,500 shares, a decrease of 7.0% from the January 15th total of 91,900 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 80,100 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Civeo

A number of large investors have recently bought and sold shares of CVEO. Royce & Associates LP boosted its position in Civeo by 19.0% in the 3rd quarter. Royce & Associates LP now owns 93,931 shares of the business services provider’s stock valued at $2,574,000 after buying an additional 15,002 shares during the last quarter. Empowered Funds LLC boosted its position in Civeo by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 95,863 shares of the business services provider’s stock valued at $2,627,000 after buying an additional 4,824 shares during the last quarter. FMR LLC boosted its position 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 buying an additional 50,400 shares during the last quarter. Quantbot Technologies LP bought a new position in Civeo in the 3rd quarter valued at $68,000. Finally, State Street Corp bought a new position in Civeo in the 3rd quarter valued at $222,000. 81.44% of the stock is currently owned by institutional investors.

Civeo Price Performance

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

Civeo Announces Dividend

The firm also recently declared 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 of this dividend is Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 3.99%. Civeo’s dividend payout ratio (DPR) is presently 71.43%.

Analyst Ratings Changes

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

Civeo Company Profile

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.