What’s Ahead for Saexploration Holdings Inc (NASDAQ:SAEX) After Less Shorted Shares?

The stock of Saexploration Holdings Inc (NASDAQ:SAEX) registered a decrease of 2.73% in short interest. SAEX’s total short interest was 302,600 shares in May as published by FINRA. Its down 2.73% from 311,100 shares, reported previously. With 1.55M shares average volume, it will take short sellers 0 days to cover their SAEX’s short positions. The short interest to Saexploration Holdings Inc’s float is 14.64%.

The stock decreased 1.29% or $0.0443 during the last trading session, reaching $3.3857. About 44,328 shares traded. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 87.80% since May 8, 2018 and is downtrending. It has underperformed by 92.17% the S&P500.

SAExploration Holdings, Inc., an oilfield services company, provides seismic data acquisition and logistical support services to the oil and natural gas industry in North and South America, the Southeast Asia, and West Africa. The company has market cap of $14.53 million. The Company’s seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation, and in-field processing. It currently has negative earnings. The firm acquires 2D, 3D, time-lapse 4D, and multi-component seismic data on land, in transition zones between land and water, and in offshore in depths reaching 3,000 meters.

More notable recent SAExploration Holdings, Inc. (NASDAQ:SAEX) news were published by: Benzinga.com which released: “31 Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” on March 27, 2019, also Globenewswire.com with their article: “SAExploration Announces One Year Extension of Term Loan Maturity Date – GlobeNewswire” published on March 05, 2019, Bizjournals.com published: “Houston-based oil field services co. completes acquisition of local seismic data co.’s assets – Houston Business Journal” on July 26, 2018. More interesting news about SAExploration Holdings, Inc. (NASDAQ:SAEX) were released by: Benzinga.com and their article: “50 Stocks Moving In Friday’s Mid-Day Session – Benzinga” published on March 08, 2019 as well as Seekingalpha.com‘s news article titled: “SAExploration +33% on deal to buy Geokinetics assets out of bankruptcy – Seeking Alpha” with publication date: June 28, 2018.

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