Short Interest in SBM Offshore (OTCMKTS:SBFFF) Drops By 35.5%

SBM Offshore (OTCMKTS:SBFFF) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 33,000 shares, a decline of 35.5% from the January 15th total of 51,200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 330.0 days.

SBM Offshore Stock Performance

Shares of SBFFF stock opened at $17.74 on Friday. The firm has a fifty day simple moving average of $17.77 and a two-hundred day simple moving average of $17.88. SBM Offshore has a 12 month low of $12.92 and a 12 month high of $19.34.

About SBM Offshore

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.