Saipem SpA (OTCMKTS:SAPMY) Short Interest Up 196.5% in April

Saipem SpA (OTCMKTS:SAPMY) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 126,224 shares, a growth of 196.5% from the April 15th total of 42,572 shares. Based on an average trading volume of 49,380 shares, the days-to-cover ratio is currently 2.6 days.

Saipem Trading Up 9.5%

Shares of SAPMY stock traded up $0.10 during trading hours on Thursday, hitting $1.10. 3,924 shares of the company’s stock were exchanged, compared to its average volume of 18,941. Saipem has a fifty-two week low of $0.40 and a fifty-two week high of $1.22. The firm has a 50 day moving average of $0.91 and a two-hundred day moving average of $0.70.

Saipem Company Profile

Saipem SpA (OTCMKTS: SAPMY) is a leading global engineering and construction contractor specializing in the energy and infrastructure sectors. Headquartered in San Donato Milanese, Italy, the company delivers complex onshore and offshore projects for oil & gas, petrochemical, and power generation clients. Saipem’s integrated services span engineering, procurement, construction, installation and commissioning phases, allowing it to manage projects from feasibility studies through final handover.

The company’s project portfolio includes subsea pipelines, fixed and floating production platforms, LNG facilities, refineries and petrochemical plants, as well as drilling services.