Saipem SpA (OTCMKTS:SAPMF – Get Rating) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 6,969,300 shares, a drop of 36.0% from the December 31st total of 10,892,200 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is presently 1,366.5 days.
Saipem Price Performance
Saipem stock remained flat at $1.50 during midday trading on Friday. Saipem has a 52-week low of $0.62 and a 52-week high of $60.40. The company has a 50 day simple moving average of $1.19 and a 200 day simple moving average of $0.90.
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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.See Also
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