Pacific Drilling SA (NYSE:PACD) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 82,600 shares, an increase of 145.1% from the April 30th total of 33,700 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 42,100 shares, the short-interest ratio is presently 2.0 days.

Institutional investors have recently modified their holdings of the stock. Prudential PLC bought a new stake in Pacific Drilling during the 4th quarter valued at about $247,000. Barclays PLC bought a new stake in Pacific Drilling during the 4th quarter valued at about $770,000. Lasry Marc bought a new stake in Pacific Drilling during the 4th quarter valued at about $249,674,000. Bank of America Corp DE bought a new stake in shares of Pacific Drilling in the fourth quarter worth approximately $1,646,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Pacific Drilling in the fourth quarter worth approximately $26,827,000. Institutional investors own 83.20% of the company’s stock.

Pacific Drilling stock traded down $0.21 during midday trading on Monday, reaching $12.02. 2,009 shares of the company traded hands, compared to its average volume of 92,065. The company’s 50 day simple moving average is $14.11. Pacific Drilling has a 12 month low of $9.85 and a 12 month high of $9,500.00. The company has a quick ratio of 6.90, a current ratio of 7.53 and a debt-to-equity ratio of 0.68.

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About Pacific Drilling

Pacific Drilling SA, together with its subsidiaries, operates as an offshore drilling contractor. It provides offshore drilling services to the oil and natural gas industry. The company contracts its fleet of rigs to drill wells for its customers. It has a fleet of seven drillships. The company was founded in 2006 and is headquartered in Houston, Texas.

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