Short Interest in Saipem SpA (OTCMKTS:SAPMY) Rises By 1,500.0%

Saipem SpA (OTCMKTS:SAPMY) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,600 shares, an increase of 1,500.0% from the February 28th total of 100 shares. Based on an average trading volume of 19,500 shares, the days-to-cover ratio is currently 0.1 days.

Saipem Price Performance

OTCMKTS:SAPMY opened at $0.48 on Friday. Saipem has a 12-month low of $0.33 and a 12-month high of $0.53. The firm has a 50-day moving average price of $0.45 and a 200 day moving average price of $0.45.

About Saipem

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.