Helix Energy Solutions Group, Inc. (NYSE:HLX) Sees Significant Decline in Short Interest

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 5,190,000 shares, a decline of 22.5% from the March 15th total of 6,700,000 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average daily volume of 1,810,000 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC boosted its stake in Helix Energy Solutions Group by 420.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 32,525 shares of the oil and gas company's stock worth $270,000 after buying an additional 26,281 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Helix Energy Solutions Group by 8.2% during the 1st quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company's stock worth $577,000 after acquiring an additional 5,251 shares during the period. GAMMA Investing LLC boosted its position in shares of Helix Energy Solutions Group by 805.6% in the first quarter. GAMMA Investing LLC now owns 46,320 shares of the oil and gas company's stock worth $3,850,000 after acquiring an additional 41,205 shares during the last quarter. Wellington Management Group LLP grew its holdings in Helix Energy Solutions Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after purchasing an additional 396,666 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in Helix Energy Solutions Group during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Trading Up 1.8 %

Shares of Helix Energy Solutions Group stock traded up $0.12 during mid-day trading on Wednesday, hitting $6.64. 2,859,812 shares of the stock were exchanged, compared to its average volume of 1,791,905. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 166.04 and a beta of 1.91. Helix Energy Solutions Group has a twelve month low of $5.77 and a twelve month high of $13.05. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $8.89.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. Research analysts forecast that Helix Energy Solutions Group will post 0.26 EPS for the current year.

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.