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

Saipem SpA (OTCMKTS:SAPMY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 27,800 shares, an increase of 68.5% from the September 15th total of 16,500 shares. Based on an average daily trading volume, of 4,600 shares, the short-interest ratio is currently 6.0 days.

Saipem Stock Performance

Shares of SAPMY opened at $0.48 on Monday. The business has a 50-day moving average of $0.43 and a 200-day moving average of $0.45. 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.