Short Interest in Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Declines By 46.9%

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 2,600 shares, a decrease of 46.9% from the February 28th total of 4,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 26.0 days.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Stock Performance

SBOEF stock remained flat at $37.00 during mid-day trading on Friday. The business has a fifty day simple moving average of $43.80 and a 200 day simple moving average of $47.54. Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has a 12-month low of $37.00 and a 12-month high of $49.60.

About Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft engages in the development, production, and marketing of stainless-steel products and drilling and completion equipment worldwide. The company operates in two segments, Advanced Manufacturing & Services, and Oilfield Equipment. The Advanced Manufacturing & Services segment manufactures high-alloy and non-magnetic stainless steels that offers high material strength and corrosion resistance, as well as customized high-precision MWD/LWD components, such as collars for use as high-tech housings for special logging instruments, sensors, antennas, and generators in the oil, gas, and other industries.