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

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

Saipem Stock Performance

Shares of OTCMKTS:SAPMF remained flat at $2.21 during trading on Friday. The business has a 50-day moving average of $2.28 and a 200-day moving average of $2.35. Saipem has a 12 month low of $1.31 and a 12 month high of $2.58.

Saipem Company Profile

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.