Saipem SpA (OTCMKTS:SAPMY) Short Interest Up 196.5% in April

Saipem SpA (OTCMKTS:SAPMY) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 126,224 shares, an increase of 196.5% from the April 15th total of 42,572 shares. Based on an average trading volume of 49,380 shares, the days-to-cover ratio is presently 2.6 days.

Saipem Price Performance

OTCMKTS SAPMY traded up $0.10 on Thursday, hitting $1.10. The company had a trading volume of 3,924 shares, compared to its average volume of 18,941. The company’s fifty day moving average price is $0.91 and its 200-day moving average price is $0.70. Saipem has a 12-month low of $0.40 and a 12-month high of $1.22.

Saipem Company Profile

Saipem SpA (OTCMKTS: SAPMY) is a leading global engineering and construction contractor specializing in the energy and infrastructure sectors. Headquartered in San Donato Milanese, Italy, the company delivers complex onshore and offshore projects for oil & gas, petrochemical, and power generation clients. Saipem’s integrated services span engineering, procurement, construction, installation and commissioning phases, allowing it to manage projects from feasibility studies through final handover.

The company’s project portfolio includes subsea pipelines, fixed and floating production platforms, LNG facilities, refineries and petrochemical plants, as well as drilling services.