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

SBM Offshore (OTCMKTS:SBFFF) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 262,495 shares, an increase of 42.3% from the November 30th total of 184,410 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

SBM Offshore Price Performance

OTCMKTS SBFFF opened at $28.28 on Monday. SBM Offshore has a 1 year low of $16.90 and a 1 year high of $28.28. The company has a fifty day simple moving average of $27.54 and a 200 day simple moving average of $26.96.

About SBM Offshore

SBM Offshore is a global developer and operator of floating production solutions for the offshore energy industry. The company specialises in the design, engineering, construction, installation and operation of floating production storage and offloading (FPSO) vessels, turret mooring systems and single-point mooring (SPM) buoys. These assets enable oil and gas producers to exploit deepwater and remote hydrocarbon reserves by converting production fluids into marketable oil and gas, while storing and offloading cargo to shuttle tankers.

Headquartered in Schiedam, the Netherlands, SBM Offshore traces its origins back to the 1960s when the first turret-moored production vessel concept was demonstrated.