SBM Offshore (OTCMKTS:SBFFY) Sees Large Decrease in Short Interest

SBM Offshore (OTCMKTS:SBFFY) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 433 shares, a decline of 31.4% from the December 15th total of 631 shares. Based on an average trading volume of 1,004 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 1,004 shares, the short-interest ratio is currently 0.4 days.

SBM Offshore Stock Performance

Shares of SBM Offshore stock opened at $31.28 on Friday. The company’s 50 day moving average price is $28.70 and its 200-day moving average price is $27.01. SBM Offshore has a 52-week low of $17.50 and a 52-week high of $31.31.

SBM Offshore Company Profile

SBM Offshore is a Netherlands‐based provider of floating production, storage and offloading (FPSO) vessels and related services to the offshore oil and gas industry. Founded in 1965 as part of Royal IHC and listed as an independent entity in 2005, the company has established itself as a specialist in the design, engineering, construction and leasing of floating production systems. Headquartered in Schiedam, the firm leverages decades of experience in turret mooring technology and deepwater installations to serve oil and gas operators worldwide.

The company’s core offerings include turnkey FPSO solutions, which encompass front‐end engineering design, detailed engineering, procurement, construction, installation and commissioning.