Saipem SpA (OTCMKTS:SAPMF) Short Interest Down 32.3% in July

Saipem SpA (OTCMKTS:SAPMF) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 6,575,900 shares, a decrease of 32.3% from the June 30th total of 9,706,500 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is currently 3,653.3 days.

Saipem Stock Performance

SAPMF remained flat at $2.57 during trading on Friday. The business has a 50 day moving average of $2.41 and a 200-day moving average of $2.14. Saipem has a fifty-two week low of $1.31 and a fifty-two week high of $2.58.

Saipem Company Profile

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.