SBM Offshore (OTCMKTS:SBFFY) Short Interest Update

SBM Offshore (OTCMKTS:SBFFY) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 380 shares, a growth of 151.7% from the February 26th total of 151 shares. Based on an average daily volume of 635 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 635 shares, the days-to-cover ratio is presently 0.6 days.

SBM Offshore Price Performance

Shares of SBM Offshore stock remained flat at $38.80 on Wednesday. The stock had a trading volume of 1,504 shares, compared to its average volume of 1,800. SBM Offshore has a one year low of $19.47 and a one year high of $38.97. The firm’s 50 day moving average is $36.17 and its 200-day moving average is $30.35.

Analyst Ratings Changes

Separately, Barclays upgraded shares of SBM Offshore from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

SBM Offshore Company Profile

SBM Offshore is a Netherlands?based provider of floating production, storage and offloading (FPSO) vessels and related services to the offshore oil and gas industry. Founded in 1965 as part of Royal IHC and listed as an independent entity in 2005, the company has established itself as a specialist in the design, engineering, construction and leasing of floating production systems. Headquartered in Schiedam, the firm leverages decades of experience in turret mooring technology and deepwater installations to serve oil and gas operators worldwide.

The company’s core offerings include turnkey FPSO solutions, which encompass front?end engineering design, detailed engineering, procurement, construction, installation and commissioning.