Saipem SpA (OTCMKTS:SAPMF) Short Interest Update

Saipem SpA (OTCMKTS:SAPMF) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 11,582,400 shares, a decline of 29.0% from the May 31st total of 16,320,000 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 10,529.5 days.

Saipem Trading Up 19.1 %

SAPMF traded up $0.41 on Monday, reaching $2.56. The company had a trading volume of 200 shares, compared to its average volume of 4,784. Saipem has a 52-week low of $1.31 and a 52-week high of $2.58. The business has a 50 day simple moving average of $2.32 and a 200 day simple moving average of $2.01.

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.