Will Ocean Rig Udw Inc – Class Ahares (NASDAQ:ORIG) Run Out of Steam Soon? Short Interest is Up

Ocean Rig UDW Inc. (NASDAQ:ORIG) Logo

The stock of Ocean Rig Udw Inc – Class Ahares (NASDAQ:ORIG) registered an increase of 20.32% in short interest. ORIG’s total short interest was 1.61 million shares in December as published by FINRA. Its up 20.32% from 1.34M shares, reported previously. With 155,900 shares average volume, it will take short sellers 10 days to cover their ORIG’s short positions. The short interest to Ocean Rig Udw Inc – Class Ahares’s float is 3.83%.

It closed at $27.78 lastly. It is down 98.13% since December 7, 2017 and is downtrending. It has underperformed by 113.75% the S&P500.

Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore gas and oil exploration, development, and production drilling worldwide. The company has market cap of $2.54 billion. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. It has a 30.56 P/E ratio. The firm owns and operates two fifth generation harsh weather ultra-deepwater semisubmersible offshore drilling units under the Leiv Eiriksson and Eirik Raude names; five sixth generation ultra-deepwater drilling units under the Ocean Rig Corcovado, the Ocean Rig Olympia, the Ocean Rig Poseidon, and the Ocean Rig Mykonos names; and four seventh generation drilling units under the Ocean Rig Mylos, the Ocean Rig Skyros, the Ocean Rig Athena, and the Ocean Rig Apollo names.

More notable recent Ocean Rig UDW Inc. (NASDAQ:ORIG) news were published by: Fool.com which released: “Transocean (Sort of) Turns a Profit. Is It Time to Buy This Incredibly Cheap Stock? – Motley Fool” on October 30, 2018, also Seekingalpha.com with their article: “Why Ocean Rig Is Not A Short Anymore – Seeking Alpha” published on October 05, 2017, Gurufocus.com published: “Third Avenue Value Fund 3rd Quarter Letter – GuruFocus.com” on November 01, 2018. More interesting news about Ocean Rig UDW Inc. (NASDAQ:ORIG) were released by: Globenewswire.com and their article: “Ocean Rig UDW Inc. Announces $100 Million Prepayment of $450 Million Senior Secured Credit Facility – GlobeNewswire” published on March 21, 2018 as well as Seekingalpha.com‘s news article titled: “Bankrupt Ocean Rig Up 40% – Seeking Alpha” with publication date: May 03, 2017.

Ocean Rig UDW Inc. (NASDAQ:ORIG) Ratings Chart

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