SBM Offshore (OTCMKTS:SBFFF) Sees Large Growth in Short Interest

SBM Offshore (OTCMKTS:SBFFF) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 262,495 shares, a growth of 42.3% from the November 30th total of 184,410 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

SBM Offshore Trading Up 3.3%

Shares of OTCMKTS SBFFF traded up $0.85 during mid-day trading on Wednesday, reaching $26.85. The company had a trading volume of 500 shares, compared to its average volume of 1,195. The firm has a 50 day simple moving average of $27.58 and a two-hundred day simple moving average of $27.00. SBM Offshore has a 52-week low of $16.90 and a 52-week high of $28.28.

SBM Offshore Company Profile

SBM Offshore is a global developer and operator of floating production solutions for the offshore energy industry. The company specialises in the design, engineering, construction, installation and operation of floating production storage and offloading (FPSO) vessels, turret mooring systems and single-point mooring (SPM) buoys. These assets enable oil and gas producers to exploit deepwater and remote hydrocarbon reserves by converting production fluids into marketable oil and gas, while storing and offloading cargo to shuttle tankers.

Headquartered in Schiedam, the Netherlands, SBM Offshore traces its origins back to the 1960s when the first turret-moored production vessel concept was demonstrated.