SBM Offshore (OTCMKTS:SBFFY) Sees Significant Increase in Short Interest

SBM Offshore (OTCMKTS:SBFFY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 631 shares, a growth of 25.7% from the November 30th total of 502 shares. Based on an average daily trading volume, of 3,068 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 3,068 shares, the short-interest ratio is presently 0.2 days.

SBM Offshore Price Performance

Shares of SBM Offshore stock opened at $28.81 on Wednesday. The firm has a 50-day moving average of $27.67 and a 200-day moving average of $26.45. SBM Offshore has a 52-week low of $17.50 and a 52-week high of $30.40.

About SBM Offshore

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.