SBM Offshore (OTCMKTS:SBFFF) Short Interest Down 35.5% in January

SBM Offshore (OTCMKTS:SBFFF) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 33,000 shares, a drop of 35.5% from the January 15th total of 51,200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 330.0 days.

SBM Offshore Stock Performance

Shares of SBFFF opened at $17.74 on Friday. SBM Offshore has a 52-week low of $12.92 and a 52-week high of $19.34. The business’s fifty day moving average is $17.76 and its 200-day moving average is $17.92.

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.