SBM Offshore (OTCMKTS:SBFFY) Short Interest Down 99.9% in January

SBM Offshore (OTCMKTS:SBFFY) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 1 shares, a decrease of 99.9% from the January 15th total of 1,189 shares. Based on an average trading volume of 1,879 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 1,879 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of SBM Offshore from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

SBM Offshore Price Performance

OTCMKTS:SBFFY traded up $0.26 during trading hours on Tuesday, reaching $35.26. 600 shares of the company traded hands, compared to its average volume of 869. The firm’s 50-day moving average is $31.21 and its 200-day moving average is $28.08. SBM Offshore has a 1-year low of $19.47 and a 1-year high of $36.15.

About SBM Offshore

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.