SBM Offshore (OTCMKTS:SBFFY) Short Interest Update

SBM Offshore (OTCMKTS:SBFFY) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 433 shares, a decrease of 31.4% from the December 15th total of 631 shares. Based on an average daily trading volume, of 1,004 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 1,004 shares, the short-interest ratio is presently 0.4 days.

SBM Offshore Price Performance

Shares of SBFFY stock traded up $2.13 during mid-day trading on Friday, hitting $33.41. 2,211 shares of the company’s stock were exchanged, compared to its average volume of 889. SBM Offshore has a fifty-two week low of $17.50 and a fifty-two week high of $33.41. The stock has a 50-day simple moving average of $28.86 and a two-hundred day simple moving average of $27.05.

SBM Offshore Company Profile

SBM Offshore is a Netherlands‐based provider of floating production, storage and offloading (FPSO) vessels and related services to the offshore oil and gas industry. Founded in 1965 as part of Royal IHC and listed as an independent entity in 2005, the company has established itself as a specialist in the design, engineering, construction and leasing of floating production systems. Headquartered in Schiedam, the firm leverages decades of experience in turret mooring technology and deepwater installations to serve oil and gas operators worldwide.

The company’s core offerings include turnkey FPSO solutions, which encompass front‐end engineering design, detailed engineering, procurement, construction, installation and commissioning.