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

Saipem SpA (OTCMKTS:SAPMY) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 126,224 shares, a growth of 196.5% from the April 15th total of 42,572 shares. Based on an average daily trading volume, of 49,380 shares, the short-interest ratio is presently 2.6 days.

Saipem Price Performance

Shares of SAPMY stock opened at $1.07 on Friday. The stock’s 50-day simple moving average is $0.92 and its 200-day simple moving average is $0.70. Saipem has a fifty-two week low of $0.40 and a fifty-two week high of $1.22.

About Saipem

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.