Is Buying Ship Finance International Limited (NYSE:SFL), Having Higher Short Interest a Winning Strategy?

July 12, 2018 - By Mona Holcomb

The stock of Ship Finance International Limited (NYSE:SFL) registered an increase of 26.08% in short interest. SFL’s total short interest was 6.50 million shares in July as published by FINRA. Its up 26.08% from 5.15 million shares, reported previously. With 1.65M shares average volume, it will take short sellers 4 days to cover their SFL’s short positions. The short interest to Ship Finance International Limited’s float is 8.53%.

It closed at $14.8 lastly. It is down 6.39% since July 12, 2017 and is uptrending. It has underperformed by 6.18% the S&P500.

Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. The company has market cap of $1.70 billion. It is also involved in the charter, purchase, and sale of assets. It has a 14.41 P/E ratio. In addition, the firm operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.

Ship Finance International Limited (NYSE:SFL) Ratings Coverage

Among 2 analysts covering Ship Finance Intl (NYSE:SFL), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Ship Finance Intl had 2 analyst reports since February 12, 2018 according to SRatingsIntel. Seaport Global upgraded Ship Finance International Limited (NYSE:SFL) rating on Friday, June 1. Seaport Global has “Buy” rating and $1800 target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, February 12 report.

Another recent and important Ship Finance International Limited (NYSE:SFL) news was published by Fool.com which published an article titled: “Is Ship Finance International’s Dividend at Risk?” on June 28, 2018.

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