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

Saipem SpA (OTCMKTS:SAPMYGet Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 37,000 shares, an increase of 20.1% from the April 15th total of 30,800 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is presently 6.3 days.

Saipem Stock Performance

Shares of SAPMY stock traded up $0.01 during trading on Tuesday, reaching $0.46. 250 shares of the company’s stock traded hands, compared to its average volume of 9,720. The firm’s 50-day moving average is $0.44 and its 200 day moving average is $0.33. Saipem has a 1 year low of $0.21 and a 1 year high of $0.51.

About Saipem

(Get Free Report)

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.

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