Saipem SpA (OTCMKTS:SAPMY) Sees Large Growth in Short Interest

Saipem SpA (OTCMKTS:SAPMY) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 5,100 shares, a growth of 41.7% from the December 31st total of 3,600 shares. Based on an average daily volume of 124,300 shares, the days-to-cover ratio is currently 0.0 days.

Saipem Stock Performance

Shares of OTCMKTS SAPMY remained flat at $0.49 during midday trading on Friday. The stock had a trading volume of 25 shares, compared to its average volume of 43,531. Saipem has a 52 week low of $0.22 and a 52 week high of $0.53. The firm has a 50-day moving average price of $0.49 and a two-hundred day moving average price of $0.45.

Saipem Company Profile

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.