Short Interest in SBM Offshore (OTCMKTS:SBFFF) Declines By 32.7%

SBM Offshore (OTCMKTS:SBFFF) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 38,000 shares, a drop of 32.7% from the November 30th total of 56,500 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 380.0 days.

SBM Offshore Price Performance

SBFFF remained flat at $16.90 on Monday. The firm’s 50 day moving average is $17.97 and its 200-day moving average is $17.28. SBM Offshore has a 52-week low of $12.92 and a 52-week high of $19.34.

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.