Saipem SpA (OTCMKTS:SAPMF – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 34,983,300 shares, a growth of 30.5% from the March 15th total of 26,807,400 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average trading volume of 100 shares, the short-interest ratio is currently 349,833.0 days.
Saipem Stock Performance
OTCMKTS:SAPMF opened at $1.81 on Monday. Saipem has a 12 month low of $1.81 and a 12 month high of $2.84. The firm has a fifty day simple moving average of $2.18 and a 200-day simple moving average of $2.37.
Analyst Ratings Changes
Separately, Kepler Capital Markets upgraded shares of Saipem from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th.
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.
Read More
- Five stocks we like better than Saipem
- How to Buy Gold Stock and Invest in Gold
- Duolingo Stock: EdTech Growth Meets Subscription Strength
- What Do S&P 500 Stocks Tell Investors About the Market?
- 3 New ETFs Finding Early Traction With Investors
- Investing In Preferred Stock vs. Common Stock
- Alcoa’s Solid Earnings Don’t Make Tariff Math Easier for AA Stock
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.
