SBM Offshore (OTCMKTS:SBFFF) Sees Significant Increase in Short Interest

SBM Offshore (OTCMKTS:SBFFF) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 149,700 shares, a growth of 38.0% from the May 31st total of 108,500 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 213.9 days.

SBM Offshore Stock Performance

OTCMKTS SBFFF remained flat at $15.07 on Monday. SBM Offshore has a 12-month low of $12.92 and a 12-month high of $16.10. The firm’s fifty day simple moving average is $15.22 and its 200 day simple moving average is $14.52.

SBM Offshore Company Profile

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.