Sembcorp Marine Ltd (OTCMKTS:SMBMF) Sees Significant Increase in Short Interest

Sembcorp Marine Ltd (OTCMKTS:SMBMF – Get Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 41,554,500 shares, a growth of 458.0% from the April 30th total of 7,447,100 shares. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is presently 1,093.5 days.

OTCMKTS:SMBMF opened at $0.07 on Thursday. The stock has a 50-day simple moving average of $0.08 and a 200 day simple moving average of $0.07. Sembcorp Marine has a 52-week low of $0.06 and a 52-week high of $0.16.

Sembcorp Marine Company Profile (Get Rating)

Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs, jack-ups, semi-submersibles, drill ships, SSP solutions, TLPs, and SPARs.

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