Saipem SpA (OTCMKTS:SAPMY) Short Interest Down 94.4% in April

from the March 31st total of 13,900 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 0.8 days. This company was the target of a large decrease in short interest in the month of April.

( ) saw a significant drop in short interest during the month of April. On April 15, there were 800 shares of short interest, which is a drop of 94.4% compared to the total of 14,200 on March 31st. The short-interest ratio, based on an average trading of 22,100 shares is currently 0.0 days.

Analyst Upgrades and downgrades

SAPMY stock has been the subject of several analyst's opinions. Morgan Stanley upgraded shares of Saipem to an "overweight" rating in a report published on Thursday, 16th March. Citigroup upgraded Saipem's rating from 'neutral to buy' in a research report on Wednesday, 25th January. The price of the stock remained unchanged at $0.28 per share on Thursday. The average trading volume for the stock is 46,870 shares. Saipem's one-year low is $0.07, and its one-year high is $12.82. The company's fifty-day simple moving is $0.29, and its two hundred day simple moving is $0.24.

Saipem Company profile

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Saipem SpA offers integrated engineering, procurement, construction, project management and construction services to a variety of market segments, including oil and gas, complex marine and civil infrastructures, and environmental markets. It is divided into four business segments: Offshore Engineering and Construction, Onshore Engineering and Construction, Offshore Drilling and Onshore Drilling. offers a FREE daily email newsletter