Saipem SpA (OTCMKTS:SAPMY) Short Interest Up 21.3% in April

Saipem SpA (OTCMKTS:SAPMY) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 30,800 shares, an increase of 21.3% from the March 31st total of 25,400 shares. Based on an average daily trading volume, of 22,800 shares, the short-interest ratio is currently 1.4 days.

Saipem Stock Performance

Shares of SAPMY stock traded down $0.03 during mid-day trading on Monday, reaching $0.44. 400 shares of the company’s stock traded hands, compared to its average volume of 10,771. Saipem has a 12 month low of $0.21 and a 12 month high of $0.51. The company’s 50-day moving average price is $0.40 and its 200-day moving average price is $0.32.

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.