Saipem SpA (OTCMKTS:SAPMY) Short Interest Update

Saipem SpA (OTCMKTS:SAPMY) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 15,200 shares, a decline of 24.0% from the May 31st total of 20,000 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is presently 1.6 days.

Saipem Price Performance

SAPMY traded up $0.05 during trading on Monday, reaching $0.51. 14,300 shares of the company were exchanged, compared to its average volume of 10,242. Saipem has a 52 week low of $0.22 and a 52 week high of $0.51. The firm has a 50 day moving average of $0.45 and a 200 day moving average of $0.37.

About Saipem

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.