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
(
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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.
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