Saipem SpA (OTCMKTS:SAPMF) Short Interest Down 32.3% in July

Saipem SpA (OTCMKTS:SAPMF) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 6,575,900 shares, a decrease of 32.3% from the June 30th total of 9,706,500 shares. Based on an average daily volume of 1,800 shares, the short-interest ratio is presently 3,653.3 days.

Saipem Stock Performance

OTCMKTS:SAPMF remained flat at $2.57 during mid-day trading on Monday. The stock’s 50 day simple moving average is $2.41 and its 200-day simple moving average is $2.14. Saipem has a 52 week low of $1.31 and a 52 week high of $2.58.

About Saipem

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.