SBM Offshore (OTCMKTS:SBFFF) Short Interest Down 40.8% in March

SBM Offshore (OTCMKTS:SBFFF) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 134,600 shares, a decline of 40.8% from the March 15th total of 227,300 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 192.3 days.

SBM Offshore Trading Up 0.8 %

Shares of OTCMKTS SBFFF opened at $16.10 on Thursday. The stock has a 50 day simple moving average of $14.39 and a 200-day simple moving average of $14.19. SBM Offshore has a 12-month low of $12.92 and a 12-month high of $16.10.

SBM Offshore Company Profile

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.