Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Short Interest Down 23.4% in September

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 4,900 shares, a decline of 23.4% from the September 15th total of 6,400 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 49.0 days.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Price Performance

Shares of SBOEF stock remained flat at $49.60 during midday trading on Monday. The stock’s fifty day moving average price is $49.51 and its 200 day moving average price is $49.41. Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has a 12 month low of $48.15 and a 12 month high of $49.60.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Company Profile

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.