SBM Offshore (OTCMKTS:SBFFF) Sees Significant Decrease in Short Interest

SBM Offshore (OTCMKTS:SBFFF) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 124,500 shares, a drop of 16.8% from the June 15th total of 149,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 1,245.0 days.

SBM Offshore Trading Down 1.0 %

Shares of OTCMKTS:SBFFF opened at $15.07 on Monday. The stock has a 50 day moving average of $15.16 and a 200 day moving average of $14.62. SBM Offshore has a 12-month low of $12.92 and a 12-month high of $16.10.

About SBM Offshore

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.