Saipem SpA (OTCMKTS:SAPMY) Short Interest Update

Saipem SpA (OTCMKTS:SAPMY) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 9,600 shares, a decline of 34.7% from the October 31st total of 14,700 shares. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is currently 1.4 days.

Saipem Stock Performance

Shares of Saipem stock traded down $0.01 during trading on Thursday, reaching $0.46. The company’s stock had a trading volume of 424 shares, compared to its average volume of 10,527. Saipem has a fifty-two week low of $0.22 and a fifty-two week high of $0.52. The company has a 50-day moving average price of $0.44 and a two-hundred day moving average price of $0.44.

About Saipem

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.