Saipem SpA (OTCMKTS:SAPMY) Short Interest Update

Saipem SpA (OTCMKTS:SAPMY) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 42,572 shares, a growth of 217.1% from the March 31st total of 13,425 shares. Based on an average daily volume of 85,096 shares, the short-interest ratio is currently 0.5 days.

Saipem Trading Up 2.6%

Shares of OTCMKTS:SAPMY opened at $1.00 on Friday. Saipem has a 12-month low of $0.40 and a 12-month high of $1.04. The stock has a 50 day moving average of $0.85 and a 200 day moving average of $0.66.

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.