SBM Offshore (OTCMKTS:SBFFY) Sees Significant Growth in Short Interest

SBM Offshore (OTCMKTS:SBFFY) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 380 shares, an increase of 151.7% from the February 26th total of 151 shares. Based on an average trading volume of 635 shares, the short-interest ratio is currently 0.6 days.

SBM Offshore Price Performance

OTCMKTS SBFFY opened at $38.80 on Thursday. SBM Offshore has a 12-month low of $19.47 and a 12-month high of $38.97. The firm has a 50-day moving average price of $36.32 and a two-hundred day moving average price of $30.41.

Analyst Ratings Changes

Separately, Barclays raised SBM Offshore from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

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.