Seatrium Limited (OTCMKTS:SMBMF) Stock Short Interest Falls 56.2%

Seatrium Limited (OTCMKTS:SMBMF) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,392,847 shares, a drop of 56.2% from the August 31st total of 12,318,947 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is presently 4,148.3 days.

Seatrium Stock Performance

OTCMKTS SMBMF opened at $1.39 on Wednesday. Seatrium has a fifty-two week low of $1.12 and a fifty-two week high of $2.14. The business has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $1.70.

About Seatrium

Seatrium Limited is a Singapore-based engineering and marine company that designs, builds and maintains offshore and marine assets for the energy industry. Its activities include offshore production and drilling units, floating production storage and offloading vessels, offshore platforms, specialized vessels and other infrastructure used in oil and gas, renewable energy and related industrial applications.

The company also provides repair, refurbishment, conversion, upgrading and maintenance services for vessels and offshore facilities.