Ship Finance International Limited Stock Price Could Go Down After Today’s Bearish Options Activity

 Ship Finance International Limited Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Ship Finance International Limited (SFL) recorded an unusually high (1,182) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SFL decrease. With 1,182 contracts traded and 3184 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SFL161216P00012500 closed last at: $0.85 or 41.7% up. About 430,346 shares traded hands. Ship Finance International Limited (NYSE:SFL) has declined 7.05% since March 30, 2016 and is downtrending. It has underperformed by 10.07% the S&P500.

Ship Finance International Limited (NYSE:SFL) Ratings Coverage

Out of 2 analysts covering Ship Finance International Ltd (NYSE:SFL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Ship Finance International Ltd has been the topic of 4 analyst reports since October 23, 2015 according to StockzIntelligence Inc. On Wednesday, July 27 the stock rating was maintained by Jefferies with “Hold”. The stock has “Neutral” rating given by Seaport Global on Monday, August 22.

According to Zacks Investment Research, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters.”

Ship Finance International Limited is a holding, and international ship owning and chartering company. The company has a market cap of $1.16 billion. The Firm is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. It has a 6.79 P/E ratio. The Company’s assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

SFL Company Profile

Ship Finance International Limited, incorporated on October 10, 2003, is a holding, and international ship owning and chartering company. The Firm is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. The Company’s assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers. The Company’s oil tankers, chemical tankers and oil product tankers are all double-hull vessels. The Firm has over nine asset types, including crude oil tankers, oil product tankers, chemical tankers, container vessels, car carriers, dry bulk carriers, jack-up drilling rigs, ultra-deepwater drilling units and offshore supply vessels.

More news for Ship Finance International Limited (NYSE:SFL) were recently published by: Seekingalpha.com, which released: “Why Ship Finance International Limited Is So Cheap” on April 20, 2016. Benzinga.com‘s article titled: “Ship Finance International Earnings Miss For Fourth Straight Quarter” and published on August 31, 2016 is yet another important article.

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