Short Interest in SEACOR Marine Holdings Inc. (NYSE:SMHI) Sees 18.2% Increase

SEACOR Marine Holdings Inc. (NYSE:SMHI) experienced a notable rise in short interest during January. As of January 31, the total short interest stood at 960,600 shares, reflecting an 18.2% increase from the January 15 figure of 812,500 shares. With an average daily trading volume of 192,000 shares, the current short-interest ratio is 5.0 days. Currently, 4.2% of the shares of SEACOR Marine's stock are short sold.

Institutional Inflows and Outflows

Recently, several hedge funds have made changes to their positions in SEACOR Marine. For instance, Geode Capital Management LLC increased its holdings by 0.5% during the third quarter, acquiring an additional 2,781 shares and now owning 562,451 shares valued at $5,428,000. In the fourth quarter, Wells Fargo & Company MN raised its stake by 27.8%, adding 3,118 shares for a total of 14,314 shares worth $94,000.

Additionally, Empowered Funds LLC boosted its holdings by 5.4% in the third quarter, now owning 86,909 shares valued at $839,000 after purchasing 4,422 more shares. American Century Companies Inc. also saw a 10.8% increase in its holdings during the fourth quarter, acquiring 4,616 additional shares for a total of 47,181 shares valued at $310,000. Lastly, the New York State Common Retirement Fund increased its shares by 26.0%, purchasing an additional 5,300 shares for a total of 25,703 shares valued at $169,000. Institutional investors currently own 59.05% of SEACOR Marine's stock.

SEACOR Marine Price Background

On a mid-day trading session, SEACOR Marine stock saw a slight increase of $0.02, reaching $6.72. The trading volume amounted to 86,949 shares, which is below the average volume of 133,504 shares. The company has a market capitalization of $186.02 million and a P/E ratio of -4.00, with a beta of 1.28. SEACOR Marine's current ratio is reported at 1.63, while the quick ratio stands at 1.59, and the debt-to-equity ratio is 0.84. Its 50-day moving average is at $6.65, while its 200-day moving average is $8.26. The stock has ranged between a one-year low of $5.80 and a one-year high of $15.36.

About SEACOR Marine

SEACOR Marine Holdings Inc. specializes in providing marine transportation and support services for offshore oil, natural gas, and wind farm facilities globally. The company operates a fleet of offshore support and specialty vessels that deliver cargo and personnel to various offshore installations, assist in the handling of anchors and mooring equipment, and support operations in construction, well work-over, and decommissioning tasks.

SEACOR, Stock, Short