Paragon Offshore plc (fka PGNPQ)

[SPARK]

PARAGON OFFSHORE PLC ORD UNITED (OTCMKTS:PGNPQ) Sellers Covered 11.74% of Their Shorts by Franklin Staff — May 2, 2016


The stock of PARAGON OFFSHORE PLC ORD UNITED (OTCMKTS:PGNPQ) registered a decrease of 11.74% in short interest. PGNPQ’s total short interest was 4.28 million shares in May as published by FINRA. Its down 11.74% from 4.85 million shares, reported previously.

With 386,500 shares average volume, it will take short sellers 11 days to cover their PGNPQ’s short positions. The stock is down 2.29% or $0.008 after the news, hitting $0.342 per share. About 35,782 shares traded hands. Paragon Offshore PLC (OTCMKTS:PGNPQ) has risen 29.63% since September 24, 2015 and is uptrending. It has outperformed by 22.74% the S&P500.

Paragon Offshore plc is a global well-known provider of offshore drilling rigs. The company has a market cap of $29.88 million. The Company’s operated fleet includes approximately 34 jackups (including two high specification heavy duty/harsh environment jackups), four drillships and two semisubmersibles. It currently has negative earnings. The Firm refers to its semisubmersibles and drillships collectively as floaters.