SBM Offshore (OTCMKTS:SBFFY) Short Interest Update

SBM Offshore (OTCMKTS:SBFFY) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 151 shares, an increase of 15,000.0% from the February 12th total of 1 shares. Based on an average daily trading volume, of 7,162 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 7,162 shares, the short-interest ratio is currently 0.0 days.

SBM Offshore Stock Performance

SBFFY traded down $0.43 on Tuesday, reaching $36.12. 606 shares of the company’s stock were exchanged, compared to its average volume of 1,783. SBM Offshore has a twelve month low of $19.47 and a twelve month high of $38.73. The stock’s fifty day moving average price is $34.32 and its 200-day moving average price is $29.48.

Wall Street Analysts Forecast Growth

Separately, Barclays raised SBM Offshore from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

About SBM Offshore

SBM Offshore is a Netherlands‐based provider of floating production, storage and offloading (FPSO) vessels and related services to the offshore oil and gas industry. Founded in 1965 as part of Royal IHC and listed as an independent entity in 2005, the company has established itself as a specialist in the design, engineering, construction and leasing of floating production systems. Headquartered in Schiedam, the firm leverages decades of experience in turret mooring technology and deepwater installations to serve oil and gas operators worldwide.

The company’s core offerings include turnkey FPSO solutions, which encompass front‐end engineering design, detailed engineering, procurement, construction, installation and commissioning.