SBM Offshore (OTCMKTS:SBFFY – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 406 shares, a decrease of 36.7% from the August 31st total of 641 shares. Based on an average trading volume of 56 shares, the short-interest ratio is currently 7.2 days.
SBM Offshore Price Performance
SBM Offshore stock remained flat at $41.70 during trading on Thursday. SBM Offshore has a 52 week low of $23.52 and a 52 week high of $44.15. The business’s 50 day moving average price is $40.56 and its 200 day moving average price is $39.76.
Analyst Ratings Changes
Separately, Barclays upgraded SBM Offshore from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.
About SBM Offshore
SBM Offshore N.V. is a Netherlands-based company that provides floating production solutions and services to the global offshore energy industry. Its principal activities include the design, construction, installation, lease, and operation of floating production, storage and offloading (FPSO) vessels and related offshore infrastructure.
The company’s FPSO units are used to process hydrocarbons produced from offshore oil and gas fields, store the resulting products, and transfer them to shuttle tankers for transportation.
Featured Stories
- Five stocks we like better than SBM Offshore
- Jabil’s Double-Beat and Raise Is a Signal That This Rally Will Continue
- Anthropic’s IPO Could Put Amazon’s and Alphabet’s Paper Profits to the Test
- Microsoft’s AI Spending Didn’t Change—Wall Street’s View of It Did
- Cleared for Takeoff: AAR Corp. Expands Its Aerospace Aftermarket Reach
Receive News & Ratings for SBM Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBM Offshore and related companies with MarketBeat.com's FREE daily email newsletter.
