Short Interest in Saipem SpA (OTCMKTS:SAPMY) Rises By 1,870.0%

Saipem SpA (OTCMKTS:SAPMY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 19,700 shares, an increase of 1,870.0% from the July 15th total of 1,000 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 6.2 days.

Saipem Price Performance

SAPMY stock remained flat at $0.41 during trading on Tuesday. The company had a trading volume of 80 shares, compared to its average volume of 9,596. The stock has a 50-day moving average of $0.45 and a 200-day moving average of $0.41. Saipem has a 52 week low of $0.22 and a 52 week high of $0.52.

About Saipem

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.