Saipem SpA (OTCMKTS:SAPMF – Get 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
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.
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