Saipem SpA (OTCMKTS:SAPMF) Sees Significant Increase in Short Interest

by · The Markets Daily

Saipem SpA (OTCMKTS:SAPMF – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 19,657,600 shares, a growth of 37.3% from the August 31st total of 14,314,300 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 39,315.2 days.

Saipem Stock Performance

Shares of SAPMF remained flat at $2.21 during trading hours on Friday. Saipem has a 1 year low of $1.31 and a 1 year high of $2.58. The company’s 50-day moving average is $2.28 and its two-hundred day moving average is $2.35.

Saipem Company Profile

(Get Free Report)

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through divisions Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, and Offshore Drilling. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.

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