Short Interest in Seatrium Limited (OTCMKTS:SMBMF) Rises By 105.2%

Seatrium Limited (OTCMKTS:SMBMF) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 17,243,456 shares, an increase of 105.2% from the June 15th total of 8,402,199 shares. Based on an average daily volume of 110 shares, the days-to-cover ratio is currently 156,758.7 days.

Seatrium Stock Performance

Shares of SMBMF stock opened at $1.65 on Wednesday. Seatrium has a 1 year low of $1.12 and a 1 year high of $2.31. The business’s fifty day moving average is $1.68 and its 200-day moving average is $1.78.

About Seatrium

Seatrium is a Singapore‐based integrated marine and offshore engineering group formed through the consolidation of two established industry players in early 2024. Headquartered in Singapore, the company delivers end-to-end solutions across the life cycle of offshore and marine assets. Its core services include engineering, procurement, construction, installation and commissioning (EPCIC) for a broad range of structures, vessels and platforms.

The company’s capabilities span the design and fabrication of offshore drilling rigs, production platforms, floating production, storage and offloading units (FPSOs), as well as the conversion and repair of marine vessels.