Saipem SpA (OTCMKTS:SAPMF – Get Rating) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 12,430,700 shares, a drop of 20.4% from the November 30th total of 15,624,100 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 62,153.5 days.
Saipem Stock Up 4.8 %
Saipem stock traded up $0.06 during trading hours on Friday, hitting $1.30. 200 shares of the company traded hands, compared to its average volume of 1,607. The firm's 50-day simple moving average is $0.94 and its two-hundred day simple moving average is $2.15. Saipem has a 1-year low of $0.62 and a 1-year high of $60.40.
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Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT. It offers engineering, construction, installation of platforms, pipelines, subsea fields, maintenance, modification, operation, and decommissioning activities, as well as develops marine wind farms and energy integration projects.Read More
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