Short Interest in Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Rises By 26.3%

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEFGet Rating) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 10,100 shares, an increase of 26.3% from the April 30th total of 8,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 101.0 days.

Shares of SBOEF stock remained flat at $$68.95 on Tuesday. Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has a twelve month low of $38.30 and a twelve month high of $68.95. The company’s 50-day simple moving average is $56.36 and its 200-day simple moving average is $47.77.

A number of analysts have issued reports on the company. Kepler Capital Markets downgraded Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Friday, March 18th. Cheuvreux upgraded Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Friday, May 20th.

About Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (Get Rating)

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft designs, manufactures, and sells equipment for the oil and gas industry worldwide. The company operates in two segments, Advanced Manufacturing & Services, and Oilfield Equipment. The company offers non-magnetic steel grades. It also provides high precision MWD/LWD, such as collars for use as high-tech housings for special logging instruments, sensors, antennas, and generators.

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