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

SBM Offshore (OTCMKTS:SBFFF) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 38,000 shares, a drop of 32.7% from the November 30th total of 56,500 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 380.0 days.

SBM Offshore Price Performance

OTCMKTS:SBFFF remained flat at $16.90 on Friday. SBM Offshore has a 12-month low of $12.92 and a 12-month high of $19.34. The company has a fifty day moving average of $18.00 and a 200-day moving average of $17.26.

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.