Seatrium Limited (OTCMKTS:SMBMF) Sees Significant Growth in Short Interest

Seatrium Limited (OTCMKTS:SMBMF) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 20,559,661 shares, a growth of 35.0% from the January 15th total of 15,227,777 shares. Based on an average trading volume of 2,269 shares, the days-to-cover ratio is presently 9,061.1 days. Based on an average trading volume of 2,269 shares, the days-to-cover ratio is presently 9,061.1 days.

Seatrium Price Performance

SMBMF opened at $2.01 on Monday. The company’s 50 day simple moving average is $1.77 and its 200-day simple moving average is $1.71. Seatrium has a one year low of $1.06 and a one year high of $2.31.

Seatrium Company Profile

Seatrium is a Singapore‐based integrated marine and offshore engineering group formed through the consolidation of two established industry players in early 2024. Headquartered in Singapore, the company delivers end-to-end solutions across the life cycle of offshore and marine assets. Its core services include engineering, procurement, construction, installation and commissioning (EPCIC) for a broad range of structures, vessels and platforms.

The company’s capabilities span the design and fabrication of offshore drilling rigs, production platforms, floating production, storage and offloading units (FPSOs), as well as the conversion and repair of marine vessels.