Saipem SpA (OTCMKTS:SAPMY) Sees Large Increase in Short Interest

by · The Cerbat Gem

Saipem SpA (OTCMKTS:SAPMY – Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 33,300 shares, a growth of 1,981.3% from the March 15th total of 1,600 shares. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is presently 3.1 days.

Saipem Stock Down 4.2 %

Shares of Saipem stock opened at $0.35 on Tuesday. Saipem has a twelve month low of $0.31 and a twelve month high of $0.53. The firm’s 50-day moving average price is $0.43 and its 200 day moving average price is $0.45.

Saipem Company Profile

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Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. 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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