Saipem SpA (OTCMKTS:SAPMY) Sees Large Growth in Short Interest

Saipem SpA (OTCMKTS:SAPMY – Get Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 65,260 shares, a growth of 340.9% from the June 15th total of 14,803 shares. Based on an average daily trading volume, of 17,523 shares, the short-interest ratio is currently 3.7 days.

Saipem Price Performance

OTCMKTS SAPMY traded up $0.03 on Friday, hitting $1.03. The company had a trading volume of 1,179 shares, compared to its average volume of 24,739. The company’s fifty day moving average price is $1.00 and its 200-day moving average price is $0.84. Saipem has a 12-month low of $0.42 and a 12-month high of $1.25.

Saipem Company Profile

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Saipem SpA (OTCMKTS: SAPMY) is a leading global engineering and construction contractor specializing in the energy and infrastructure sectors. Headquartered in San Donato Milanese, Italy, the company delivers complex onshore and offshore projects for oil & gas, petrochemical, and power generation clients. Saipem’s integrated services span engineering, procurement, construction, installation and commissioning phases, allowing it to manage projects from feasibility studies through final handover.

The company’s project portfolio includes subsea pipelines, fixed and floating production platforms, LNG facilities, refineries and petrochemical plants, as well as drilling services.

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