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

Saipem SpA (OTCMKTS:SAPMF) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 5,924,600 shares, a decline of 51.3% from the October 31st total of 12,155,800 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 14,811.5 days.

Saipem Price Performance

Shares of SAPMF opened at $2.56 on Thursday. Saipem has a 52 week low of $1.31 and a 52 week high of $2.58. The stock has a 50 day moving average price of $2.28 and a two-hundred day moving average price of $2.32.

About Saipem

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.