Saipem SpA (OTCMKTS:SAPMF) Short Interest Down 29.0% in June

Saipem SpA (OTCMKTS:SAPMF) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 11,582,400 shares, a decline of 29.0% from the May 31st total of 16,320,000 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 10,529.5 days.

Saipem Trading Up 19.1 %

Shares of OTCMKTS SAPMF traded up $0.41 during trading on Monday, reaching $2.56. The company had a trading volume of 200 shares, compared to its average volume of 4,784. Saipem has a 12-month low of $1.31 and a 12-month high of $2.58. The business’s 50-day moving average is $2.32 and its 200 day moving average is $2.01.

Saipem Company Profile

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through divisions Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, and Offshore Drilling. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.