Saipem SpA (OTCMKTS:SAPMY) Short Interest Down 70.8% in December

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

Saipem Price Performance

OTCMKTS:SAPMY remained flat at $0.50 on Thursday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 10,285. The firm has a 50 day moving average of $0.46 and a two-hundred day moving average of $0.44. Saipem has a 12-month low of $0.22 and a 12-month high of $0.52.

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.