Saipem SpA (OTCMKTS:SAPMY) Sees Large Growth in Short Interest

Saipem SpA (OTCMKTS:SAPMY) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 1,600 shares, a growth of 1,500.0% from the February 28th total of 100 shares. Based on an average daily volume of 19,500 shares, the short-interest ratio is currently 0.1 days.

Saipem Stock Up 1.0 %

OTCMKTS:SAPMY traded up $0.01 during trading hours on Thursday, hitting $0.49. 3,040 shares of the company were exchanged, compared to its average volume of 33,553. Saipem has a 52-week low of $0.33 and a 52-week high of $0.53. The company’s 50 day moving average price is $0.45 and its 200-day moving average price is $0.45.

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.