Short Interest in SBM Offshore (OTCMKTS:SBFFY) Expands By 25.7%

SBM Offshore (OTCMKTS:SBFFY) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 631 shares, an increase of 25.7% from the November 30th total of 502 shares. Based on an average daily volume of 3,068 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 3,068 shares, the short-interest ratio is currently 0.2 days.

SBM Offshore Stock Performance

Shares of OTCMKTS SBFFY opened at $28.81 on Friday. The stock has a fifty day moving average price of $27.80 and a 200 day moving average price of $26.49. SBM Offshore has a 12-month low of $17.50 and a 12-month high of $30.40.

About SBM Offshore

SBM Offshore is a Netherlands‐based provider of floating production, storage and offloading (FPSO) vessels and related services to the offshore oil and gas industry. Founded in 1965 as part of Royal IHC and listed as an independent entity in 2005, the company has established itself as a specialist in the design, engineering, construction and leasing of floating production systems. Headquartered in Schiedam, the firm leverages decades of experience in turret mooring technology and deepwater installations to serve oil and gas operators worldwide.

The company’s core offerings include turnkey FPSO solutions, which encompass front‐end engineering design, detailed engineering, procurement, construction, installation and commissioning.