SBM Offshore (OTCMKTS:SBFFY) Short Interest Up 174.6% in January

SBM Offshore (OTCMKTS:SBFFY) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 1,189 shares, a growth of 174.6% from the December 31st total of 433 shares. Based on an average daily trading volume, of 1,021 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 1,021 shares, the short-interest ratio is presently 1.2 days.

SBM Offshore Price Performance

OTCMKTS:SBFFY opened at $36.15 on Thursday. The business’s 50-day moving average price is $30.08 and its 200 day moving average price is $27.51. SBM Offshore has a 52-week low of $17.50 and a 52-week high of $36.15.

Analyst Ratings Changes

Separately, Barclays upgraded shares of SBM Offshore from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

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.