Short Interest in Saipem SpA (OTCMKTS:SAPMF) Rises By 96.8%

Saipem SpA (OTCMKTS:SAPMF) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 11,659,800 shares, a growth of 96.8% from the November 15th total of 5,924,600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 116,598.0 days.

Saipem Stock Performance

OTCMKTS SAPMF remained flat at $2.56 on Friday. The business has a fifty day moving average price of $2.37 and a 200-day moving average price of $2.33. Saipem has a one year low of $1.31 and a one year high of $2.58.

Saipem Company Profile

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.