Saipem SpA (OTCMKTS:SAPMY) Sees Significant Decrease in Short Interest

Saipem SpA (OTCMKTS:SAPMY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 3,100 shares, a decline of 70.8% from the November 30th total of 10,600 shares. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is currently 0.2 days.

Saipem Stock Performance

Shares of SAPMY stock remained flat at $0.50 during midday trading on Thursday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 10,285. The company has a 50-day simple moving average of $0.46 and a 200 day simple moving average of $0.44. Saipem has a 1 year low of $0.22 and a 1 year high of $0.52.

Saipem Company Profile

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.