Saipem SpA (OTCMKTS:SAPMF) Short Interest Update

Saipem SpA (OTCMKTS:SAPMF) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 14,591,800 shares, a growth of 57.8% from the February 13th total of 9,249,300 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 200 shares, the short-interest ratio is presently 72,959.0 days.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Saipem from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th.

Saipem Stock Performance

Shares of SAPMF remained flat at $2.16 during trading hours on Monday. The firm has a 50-day simple moving average of $2.50 and a 200-day simple moving average of $2.40. Saipem has a twelve month low of $1.98 and a twelve month high of $2.84.

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.