Trading was heavy with 170K shares changing hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 422.84% over the normal average daily volume.
Traders are more bullish on SAExploration Holdings, Inc. of late as inferred by the motion in short interest. The stock recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -3.07%. Short shares fell from 382,762 to 371,005 over that timeframe. The short-interest ratio decreased to 13.0 and the percentage of shorted shares was 0.04% on October 13.
The following firms have recently changed their position in SAEX. Citadel Advisors LLC reduced its ownership by selling 13,605 shares a decrease of 37.2% as of 03/31/2016. Citadel Advisors LLC owns 22,922 shares valued at $16,000. The value of the position overall is up by 300.0%.
The company is up since yesterday’s close of $2.17. Company shares last traded at $2.17 a tad under the 50 day moving average which is $2.38 and much lower than the 200 day moving average of $3.14. The 50 day moving average moved down $-0.21 and the 200 day average went down $-0.97 or -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..