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

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

Saipem Price Performance

Shares of OTCMKTS:SAPMY traded down $0.07 during midday trading on Friday, reaching $1.00. The company had a trading volume of 5,907 shares, compared to its average volume of 18,824. The company’s 50 day moving average price is $0.92 and its 200 day moving average price is $0.70. Saipem has a 52-week low of $0.40 and a 52-week high of $1.22.

About Saipem

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.