Short Interest in Saipem SpA (OTCMKTS:SAPMF) Decreases By 32.3%

Saipem SpA (OTCMKTS:SAPMF) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 6,575,900 shares, a decrease of 32.3% from the June 30th total of 9,706,500 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 3,653.3 days.

Saipem Price Performance

Shares of OTCMKTS:SAPMF remained flat at $2.57 during midday trading on Monday. Saipem has a 1 year low of $1.31 and a 1 year high of $2.58. The company has a 50 day simple moving average of $2.41 and a two-hundred day simple moving average of $2.14.

About Saipem

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through divisions Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, and Offshore Drilling. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.