SBM Offshore (OTCMKTS:SBFFF) Sees Significant Decrease in Short Interest

SBM Offshore (OTCMKTS:SBFFF) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 10,800 shares, a decline of 58.3% from the March 15th total of 25,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 108.0 days.

SBM Offshore Price Performance

SBFFF stock remained flat at $21.15 during trading on Friday. SBM Offshore has a 12 month low of $14.49 and a 12 month high of $21.66. The company’s 50 day simple moving average is $20.73 and its 200 day simple moving average is $18.91.

SBM Offshore Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 14th will be paid a $0.88 dividend. This represents a dividend yield of 4.16%. The ex-dividend date is Friday, April 11th.

About SBM Offshore

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.