Saipem SpA (OTCMKTS:SAPMY) Short Interest Down 42.1% in October

Saipem SpA (OTCMKTS:SAPMY) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 14,700 shares, a decrease of 42.1% from the October 15th total of 25,400 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 5.3 days.

Saipem Stock Performance

SAPMY traded down $0.03 during midday trading on Wednesday, reaching $0.44. The company had a trading volume of 101 shares, compared to its average volume of 10,922. Saipem has a 1 year low of $0.22 and a 1 year high of $0.52. The business has a 50-day moving average of $0.43 and a two-hundred day moving average 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.