SBM Offshore (OTCMKTS:SBFFF) Sees Large Drop in Short Interest

SBM Offshore (OTCMKTS:SBFFF) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 76,300 shares, a decline of 16.8% from the August 31st total of 91,700 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

SBM Offshore Stock Performance

SBM Offshore stock remained flat at $18.53 on Friday. SBM Offshore has a 1-year low of $12.92 and a 1-year high of $18.53. The company has a fifty day simple moving average of $17.46 and a 200-day simple moving average of $16.06.

About SBM Offshore

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.