Short Interest in Saipem SpA (OTCMKTS:SAPMY) Rises By 21.3%

Saipem SpA (OTCMKTS:SAPMY) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 30,800 shares, a growth of 21.3% from the March 31st total of 25,400 shares. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is currently 1.4 days.

Saipem Stock Performance

Shares of OTCMKTS SAPMY opened at $0.44 on Tuesday. Saipem has a twelve month low of $0.21 and a twelve month high of $0.51. The business has a 50 day simple moving average of $0.41 and a 200-day simple moving average of $0.32.

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.