Sembcorp Marine Ltd (OTCMKTS:SMBMF) sees a significant increase in short-term interest

Sembecorp Marine Ltd (OTCMKTS: SMBMFGet a rating) was the target of strong short-term interest growth in May. As of May 15, there was short interest totaling 41,554,500 shares, a growth of 458.0% from the total of 7,447,100 shares as of April 30. Based on an average daily trading volume of 38,000 shares, the day-to-cover ratio is currently 1,093.5 days.

OTCMKTS: SMBMF opened at $0.07 on Thursday. The stock has a 50-day simple moving average of $0.08 and a 200-day simple moving average of $0.07. Sembcorp Marine has a 52 week low of $0.06 and a 52 week high of $0.16.

Sembcorp Marine Company Profile (Get a rating)

Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in turnkey design, engineering, procurement, construction and commissioning of offshore new builds and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs , jack-ups, semi-submersibles, drillships, SSP, TLP and SPAR solutions.

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