Short Interest in Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Drops By 23.4%

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 4,900 shares, a decrease of 23.4% from the September 15th total of 6,400 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 49.0 days.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Stock Performance

Shares of OTCMKTS SBOEF remained flat at $49.60 during midday trading on Monday. The firm has a 50-day simple moving average of $49.51 and a two-hundred day simple moving average of $49.41. Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has a 1 year low of $48.15 and a 1 year high of $49.60.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Company Profile

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft engages in the development, production, and marketing of stainless-steel products and drilling and completion equipment worldwide. The company operates in two segments, Advanced Manufacturing & Services, and Oilfield Equipment. The Advanced Manufacturing & Services segment manufactures high-alloy and non-magnetic stainless steels that offers high material strength and corrosion resistance, as well as customized high-precision MWD/LWD components, such as collars for use as high-tech housings for special logging instruments, sensors, antennas, and generators in the oil, gas, and other industries.