Short Interest in Saipem SpA (OTCMKTS:SAPMY) Rises By 21.3%

Saipem SpA (OTCMKTS:SAPMY) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 30,800 shares, an increase of 21.3% from the March 31st total of 25,400 shares. Based on an average daily volume of 22,800 shares, the days-to-cover ratio is presently 1.4 days.

Saipem Stock Performance

SAPMY stock opened at $0.44 on Tuesday. The business has a 50 day moving average price of $0.41 and a 200 day moving average price of $0.32. Saipem has a fifty-two week low of $0.21 and a fifty-two week high of $0.51.

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.