Saipem SpA (OTCMKTS:SAPMF - Get Free Report) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 7,434,500 shares, a decline of 29.7% from the January 15th total of 10,568,500 shares. Based on an average daily volume of 300 shares, the short-interest ratio is currently 24,781.7 days.
Saipem Price Performance
SAPMF remained flat at $2.42 on Tuesday. Saipem has a fifty-two week low of $1.43 and a fifty-two week high of $2.84. The stock has a 50 day moving average price of $2.60 and a 200 day moving average price of $2.39.
Saipem Company Profile
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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.
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