Saipem SpA (OTCMKTS:SAPMY) Short Interest Update

Saipem SpA (OTCMKTS:SAPMY) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 37,751 shares, a growth of 350.2% from the January 15th total of 8,386 shares. Based on an average trading volume of 23,956 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 23,956 shares, the short-interest ratio is currently 1.6 days.

Saipem Price Performance

Shares of SAPMY opened at $0.70 on Wednesday. Saipem has a 52-week low of $0.31 and a 52-week high of $0.77. The stock’s 50-day simple moving average is $0.58 and its 200 day simple moving average is $0.54.

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.