Saipem SpA (OTCMKTS:SAPMY) Short Interest Up 1,500.0% in March

Saipem SpA (OTCMKTS:SAPMY) saw a significant increase in short interest in 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 daily volume of 19,500 shares, the days-to-cover ratio is presently 0.1 days.

Saipem Price Performance

SAPMY traded up $0.01 on Thursday, hitting $0.49. The company had a trading volume of 3,040 shares, compared to its average volume of 33,553. The stock has a fifty day moving average price of $0.45 and a 200-day moving average price of $0.45. Saipem has a 12-month low of $0.33 and a 12-month high of $0.53.

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.