Saipem SpA (OTCMKTS:SAPMF) Short Interest Up 57.8% in February

Saipem SpA (OTCMKTS:SAPMF - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 14,591,800 shares, an increase of 57.8% from the February 13th total of 9,249,300 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 72,959.0 days.

Wall Street Analysts Forecast Growth

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

Saipem Stock Performance

SAPMF remained flat at $2.16 during trading hours on Wednesday. The stock has a 50 day moving average price of $2.47 and a 200-day moving average price of $2.40. Saipem has a 52-week low of $1.98 and a 52-week high of $2.84.

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.