SBM Offshore (OTCMKTS:SBFFF) Sees Significant Increase in Short Interest

SBM Offshore (OTCMKTS:SBFFF) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 149,700 shares, a growth of 38.0% from the May 31st total of 108,500 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 213.9 days.

SBM Offshore Stock Performance

SBM Offshore stock remained flat at $15.07 during mid-day trading on Monday. The stock has a 50 day moving average of $15.22 and a 200-day moving average of $14.52. SBM Offshore has a fifty-two week low of $12.92 and a fifty-two week high of $16.10.

About SBM Offshore

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.