Saipem SpA (OTCMKTS:SAPMF – Get Free Report) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 9,249,300 shares, an increase of 24.4% from the January 31st total of 7,434,500 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 92,493.0 days.
Saipem Price Performance
SAPMF stock traded down $0.22 during trading on Wednesday, hitting $2.20. 500 shares of the company’s stock were exchanged, compared to its average volume of 943. The business has a 50-day moving average price of $2.56 and a two-hundred day moving average price of $2.41. Saipem has a 52-week low of $1.98 and a 52-week high of $2.84.
Analyst Upgrades and Downgrades
Separately, Kepler Capital Markets raised Saipem from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th.
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.
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