Short Interest in Saipem SpA (OTCMKTS:SAPMF) Increases By 57.8%

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

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on SAPMF

Saipem Stock Performance

Shares of OTCMKTS:SAPMF remained flat at $2.16 during trading on Friday. Saipem has a 52-week low of $1.98 and a 52-week high of $2.84. The company’s 50-day moving average is $2.50 and its two-hundred day moving average is $2.40.

About Saipem

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Saipem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saipem and related companies with MarketBeat.com's FREE daily email newsletter.