SBM Offshore (OTCMKTS:SBFFF) Sees Large Decrease in Short Interest

SBM Offshore (OTCMKTS:SBFFF) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 25,700 shares, a drop of 41.2% from the February 13th total of 43,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 257.0 days.

SBM Offshore Stock Performance

SBM Offshore stock opened at $21.66 on Friday. SBM Offshore has a one year low of $14.49 and a one year high of $21.66. The business has a 50 day simple moving average of $19.03 and a 200 day simple moving average of $18.43.

About SBM Offshore

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.