Saipem SpA (OTCMKTS:SAPMY) Short Interest Update

Saipem SpA (OTCMKTS:SAPMY) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 24,246 shares, a growth of 75.5% from the February 12th total of 13,814 shares. Based on an average daily volume of 17,583 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 17,583 shares, the days-to-cover ratio is currently 1.4 days.

Saipem Stock Performance

Shares of Saipem stock opened at $0.78 on Friday. Saipem has a 1-year low of $0.31 and a 1-year high of $0.85. The stock’s 50 day simple moving average is $0.70 and its 200-day simple moving average is $0.59.

Saipem Company Profile

Saipem SpA (OTCMKTS: SAPMY) is a leading global engineering and construction contractor specializing in the energy and infrastructure sectors. Headquartered in San Donato Milanese, Italy, the company delivers complex onshore and offshore projects for oil & gas, petrochemical, and power generation clients. Saipem’s integrated services span engineering, procurement, construction, installation and commissioning phases, allowing it to manage projects from feasibility studies through final handover.

The company’s project portfolio includes subsea pipelines, fixed and floating production platforms, LNG facilities, refineries and petrochemical plants, as well as drilling services.