Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Sees Large Increase in Short Interest

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,344 shares, a growth of 123.5% from the April 30th total of 1,944 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Price Performance

Shares of SBOEF stock remained flat at $30.56 during mid-day trading on Monday. Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has a 1-year low of $30.56 and a 1-year high of $32.15. The business’s fifty day moving average price is $30.56 and its 200-day moving average price is $30.56.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Company Profile

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft is an Austria-based manufacturer specializing in high-precision components and systems for the oil and gas industry. The company designs, engineers and produces downhole tools, drill bits, tubular goods and premium connection systems used in onshore and offshore drilling operations. Its product portfolio also includes specially alloyed steel components and wear-resistant parts that support drilling, completion and intervention activities in challenging reservoir environments.

Operating through multiple business segments, Schoeller-Bleckmann focuses on premium connections that ensure reliable pipe-to-pipe seals under high pressure and temperature conditions, as well as on drill-bit manufacturing and associated technical services.