What Will Happen to SAIPEM SPA SAN DONATO MILANESE ORDINARY (OTCMKTS:SAPMF) Next? The Stock Has Increase in Shorts

The stock of SAIPEM SPA SAN DONATO MILANESE ORDINARY (OTCMKTS:SAPMF) registered an increase of 5.2% in short interest. SAPMF’s total short interest was 10.04 million shares in May as published by FINRA. Its up 5.2% from 9.54M shares, reported previously.

It closed at $5.15 lastly. It is down 0.00% since May 8, 2018 and is . It has underperformed by 4.37% the S&P500.

Saipem S.p.A., together with its subsidiaries, engages in the engineering, construction, procurement, and drilling businesses worldwide. The company has market cap of $4.89 billion. It offers engineering, procurement, project management, construction, and drilling services primarily for the gas and oil, complex civil and marine infrastructure, and environmental markets. It currently has negative earnings. The firm offers offshore engineering and construction services and products, including platforms, pipelines, subsea field developments, and MMO activities; and creates and constructs hydrocarbon production facilities, hydrocarbon treatment facilities, and large onshore treatment and transportation systems and facilities.

More recent Saipem S.p.A. (OTCMKTS:SAPMF) news were published by: Seekingalpha.com which released: “SAIPEM SPA ORD NEW 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on February 28, 2019. Also Seekingalpha.com published the news titled: “Subsea 7: Expectations Are Too Low – Seeking Alpha” on August 24, 2018. Seekingalpha.com‘s news article titled: “Saipem’s Drilling Unit Is On Sale, But Who’s Buying? – Seeking Alpha” with publication date: April 02, 2019 was also an interesting one.

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