Saipem SpA (OTCMKTS:SAPMF) Short Interest Up 96.8% in November

Saipem SpA (OTCMKTS:SAPMF) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 11,659,800 shares, a growth of 96.8% from the November 15th total of 5,924,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 116,598.0 days.

Saipem Price Performance

Shares of SAPMF remained flat at $2.56 during mid-day trading on Friday. Saipem has a 12 month low of $1.31 and a 12 month high of $2.58. The company has a 50-day moving average price of $2.37 and a 200-day moving average price of $2.33.

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.