Saipem SpA (OTCMKTS:SAPMY) Short Interest Down 98.0% in January

Saipem SpA (OTCMKTS:SAPMY) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 100 shares, a drop of 98.0% from the January 15th total of 5,100 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 0.1 days.

Saipem Stock Performance

Shares of OTCMKTS SAPMY remained flat at $0.42 during trading hours on Wednesday. The company had a trading volume of 2 shares, compared to its average volume of 35,724. The company’s 50 day moving average price is $0.48 and its 200-day moving average price is $0.45. Saipem has a 1-year low of $0.22 and a 1-year high of $0.53.

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.