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

Saipem SpA (OTCMKTS:SAPMYGet Free Report) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 17,400 shares, a decrease of 17.1% from the February 29th total of 21,000 shares. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is presently 0.4 days.

Saipem Stock Performance

SAPMY stock opened at $0.46 on Monday. Saipem has a one year low of $0.21 and a one year high of $0.51. The firm’s fifty day moving average is $0.33 and its 200 day moving average is $0.29.

Saipem Company Profile

(Get Free Report)

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.

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