Saipem SpA (OTCMKTS:SAPMY) Short Interest Down 70.8% in December

Saipem SpA (OTCMKTS:SAPMY) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 3,100 shares, a decrease of 70.8% from the November 30th total of 10,600 shares. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is currently 0.2 days.

Saipem Price Performance

OTCMKTS:SAPMY remained flat at $0.50 during trading hours on Friday. 36 shares of the company traded hands, compared to its average volume of 10,285. The company’s 50 day simple moving average is $0.46 and its 200-day simple moving average is $0.44. Saipem has a twelve month low of $0.22 and a twelve month high of $0.52.

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.