Saipem SpA (OTCMKTS:SAPMY) Short Interest Update

Saipem SpA (OTCMKTS:SAPMY) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 13,814 shares, a decrease of 63.4% from the January 29th total of 37,751 shares. Based on an average daily trading volume, of 15,770 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 15,770 shares, the short-interest ratio is currently 0.9 days.

Saipem Trading Up 2.3%

Shares of Saipem stock opened at $0.80 on Thursday. The company’s fifty day simple moving average is $0.64 and its 200-day simple moving average is $0.56. Saipem has a 1-year low of $0.31 and a 1-year high of $0.83.

About Saipem

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.