Saipem SpA (OTCMKTS:SAPMY) Short Interest Update

Saipem SpA (OTCMKTS:SAPMY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 27,800 shares, a growth of 68.5% from the September 15th total of 16,500 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 6.0 days.

Saipem Price Performance

Saipem stock opened at $0.48 on Friday. The company has a 50 day moving average price of $0.43 and a 200 day moving average price of $0.45. Saipem has a 52 week low of $0.22 and a 52 week high of $0.52.

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.