Saipem SpA (OTCMKTS:SAPMF) Short Interest Update

Saipem SpA (OTCMKTS:SAPMF - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 34,983,300 shares, an increase of 30.5% from the March 15th total of 26,807,400 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 349,833.0 days. Currently, 1.8% of the shares of the company are sold short.

Saipem Stock Up 1.3 %

Shares of OTCMKTS SAPMF traded up $0.03 during mid-day trading on Thursday, hitting $2.14. The company had a trading volume of 2,600 shares, compared to its average volume of 1,240. Saipem has a 12 month low of $1.81 and a 12 month high of $2.84. The business's 50-day simple moving average is $2.16 and its 200-day simple moving average is $2.37.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised shares of Saipem from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th.

Saipem Company Profile

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.