Saipem (OTCMKTS:SAPMF) Short Interest Down 27.0% in August

Saipem (OTCMKTS:SAPMF) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 26,077,500 shares, adecreaseof27.0% from the July 31st total of 35,714,800 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 65,193.8 days. Based on an average daily volume of 400 shares, the short-interest ratio is presently 65,193.8 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded shares of Saipem from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Saipem Stock Performance

SAPMF stock opened at $2.76 on Monday. Saipem has a one year low of $1.81 and a one year high of $2.90. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.13. The company has a fifty day moving average of $2.75 and a 200-day moving average of $2.47.

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.