Saipem SpA (OTCMKTS:SAPMF) Short Interest Down 40.8% in October

Saipem SpA (OTCMKTS:SAPMF) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 12,155,800 shares, a decrease of 40.8% from the October 15th total of 20,531,800 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 60,779.0 days.

Saipem Price Performance

OTCMKTS SAPMF opened at $2.50 on Wednesday. Saipem has a one year low of $1.31 and a one year high of $2.58. The company’s 50-day simple moving average is $2.21 and its two-hundred day simple moving average is $2.31.

Saipem Company Profile

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.