Short Interest in Seatrium Limited (OTCMKTS:SMBMF) Drops By 81.1%

Seatrium Limited (OTCMKTS:SMBMF) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 3,268,561 shares, a drop of 81.1% from the February 26th total of 17,258,051 shares. Based on an average daily trading volume, of 1,441 shares, the days-to-cover ratio is presently 2,268.3 days. Based on an average daily trading volume, of 1,441 shares, the days-to-cover ratio is presently 2,268.3 days.

Seatrium Stock Performance

Shares of SMBMF remained flat at $1.78 on Wednesday. The company had a trading volume of 5,089 shares, compared to its average volume of 1,619. The business has a fifty day moving average of $1.86 and a two-hundred day moving average of $1.72. Seatrium has a 1-year low of $1.06 and a 1-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.