(NASDAQ:SAEX) shares saw heavy trading volume with 170K shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 422.84% over the normal average daily volume.
Short traders are feeling a little more bullish on SAExploration Holdings, Inc. recently as indicated by the downtick in short interest. The stock recorded a fall in short interest of -3.07% as of the latest report on October 13, 2017. Short interest fell 11,757 over that period. Days to cover decreased 0.0 to 13.0 and the percentage of shorted shares was 0.04% on October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Citadel Advisors LLC had sold 13,605 shares trimming its stake by 37.2%. The value in dollars increased from $4,000 to $16,000 increasing 300.0% for the reporting period.
In the market the company is trading up by 9.60% since yesterday’s close of $2.17. Shares are trading at $2.17 a bit lower than $2.38, the 50 day moving average and impressively lower than the 200 day moving average of $3.14. The 50 day moving average was down $-0.21 whereas the 200 day average was down by -30.91%.
SAExploration Holdings, Inc., launched on February 2, 2011, is an internationally focused oilfield services company. The Company offers a range of seismic data acquisition and logistical support services in Alaska, Canada, South America and Southeast Asia to customers in the oil and natural gas industry. In addition to the acquisition of two-dimensional (2D), three-dimensional (3D), time-lapse four-dimensional (4D) and multi-component seismic data on land, in transition zones between land and water, and offshore in depths reaching approximately 3,000 meters, the Company offers a suite of logistical support and in-field processing services. The Company operates crews around the world that are supported by over 29,500 owned land and marine channels of seismic data acquisition equipment and other leased equipment as needed to complete particular projects. Seismic data is used by its customers, including integrated oil companies, national oil companies and independent oil and gas exploration and production companies, to identify and analyze drilling prospects. The Company provides a range of seismic data acquisition services, including in-field data processing, and related logistics services. The Business’s seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation and in-field processing..