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

SBM Offshore (OTCMKTS:SBFFF) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 43,700 shares, an increase of 32.4% from the January 31st total of 33,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

SBM Offshore Price Performance

Shares of SBFFF stock remained flat at $21.66 on Tuesday. SBM Offshore has a 12-month low of $14.49 and a 12-month high of $21.66. The company has a 50-day simple moving average of $18.22 and a 200-day simple moving average of $18.21.

SBM Offshore Company Profile

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.