Free Trial

Saipem (OTCMKTS:SAPMF) Short Interest Up 65.0% in July

Saipem logo with Energy background

Key Points

  • Short interest in Saipem increased by 65.0% in July, reaching a total of 40,917,200 shares compared to 24,793,800 shares at the end of June.
  • The company's stock price opened at $2.70, with a 12-month low of $1.81 and a high of $2.90, showing fluctuations within the year.
  • The Royal Bank of Canada has dropped Saipem's rating from "moderate buy" to "hold" as of August 1st.
  • Looking to export and analyze Saipem data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Saipem (OTCMKTS:SAPMF - Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 40,917,200 shares, anincreaseof65.0% from the June 30th total of 24,793,800 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 409,172.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is presently 409,172.0 days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada downgraded Saipem from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 1st.

Read Our Latest Analysis on SAPMF

Saipem Price Performance

Shares of Saipem stock remained flat at $2.70 during trading hours on Friday. The firm's 50-day simple moving average is $2.71 and its two-hundred day simple moving average is $2.43. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 0.69. Saipem has a 52-week low of $1.81 and a 52-week high of $2.90.

About Saipem

(Get Free Report)

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.

Featured Stories

Should You Invest $1,000 in Saipem Right Now?

Before you consider Saipem, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saipem wasn't on the list.

While Saipem currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Stocks With Explosive Upside
September Slowdown: 3 Stocks to Buy When the Pullback Comes
3 Overlooked Stocks Riding the AI Data Center Boom

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines