Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Sees Significant Growth in Short Interest

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 13,300 shares, a growth of 46.2% from the May 15th total of 9,100 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Stock Performance

OTCMKTS:SBOEF opened at $33.47 on Wednesday. The stock’s 50-day moving average is $33.39 and its 200-day moving average is $41.15. Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has a 1-year low of $32.85 and a 1-year high of $37.00.

About Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft engages in the development, production, and marketing of stainless-steel products and drilling and completion equipment worldwide. The company operates in two segments, Advanced Manufacturing & Services, and Oilfield Equipment. The Advanced Manufacturing & Services segment manufactures high-alloy and non-magnetic stainless steels that offers high material strength and corrosion resistance, as well as customized high-precision MWD/LWD components, such as collars for use as high-tech housings for special logging instruments, sensors, antennas, and generators in the oil, gas, and other industries.