Short Interest in Saipem SpA (OTCMKTS:SAPMY) Declines By 66.1%

Saipem SpA (OTCMKTS:SAPMY) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 13,425 shares, a decline of 66.1% from the March 15th total of 39,604 shares. Based on an average trading volume of 32,746 shares, the short-interest ratio is presently 0.4 days.

Saipem Stock Performance

OTCMKTS:SAPMY opened at $0.99 on Friday. The business has a 50 day moving average of $0.80 and a 200 day moving average of $0.63. Saipem has a 1-year low of $0.31 and a 1-year high of $1.01.

About Saipem

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.