Saipem SpA (OTCMKTS:SAPMY) Short Interest Update

Saipem SpA (OTCMKTS:SAPMY) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 9,600 shares, a decrease of 34.7% from the October 31st total of 14,700 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is currently 1.4 days.

Saipem Stock Performance

Shares of Saipem stock traded down $0.01 on Thursday, hitting $0.46. 424 shares of the company’s stock traded hands, compared to its average volume of 10,527. The firm’s 50-day moving average is $0.44 and its 200 day moving average is $0.44. Saipem has a 52-week low of $0.22 and a 52-week high of $0.52.

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.