Saipem SpA (OTCMKTS:SAPMY) Sees Large Decrease in Short Interest

Saipem SpA (OTCMKTS:SAPMY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 3,100 shares, a decrease of 70.8% from the November 30th total of 10,600 shares. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is presently 0.2 days.

Saipem Price Performance

Shares of SAPMY remained flat at $0.50 during trading hours on Friday. The stock had a trading volume of 36 shares, compared to its average volume of 10,285. Saipem has a 12-month low of $0.22 and a 12-month high of $0.52. The company’s 50-day moving average is $0.46 and its two-hundred day moving average is $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.