Sembcorp Marine Ltd (OTCMKTS:SMBMF – Get Rating) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 20,649,200 shares, an increase of 232.1% from the February 13th total of 6,218,300 shares. Based on an average daily volume of 20,900 shares, the short-interest ratio is presently 988.0 days.
Analysts Set New Price Targets
Separately, HSBC raised Sembcorp Marine from a "hold" rating to a "buy" rating in a research note on Monday, November 28th.
Get Sembcorp Marine alerts:Sembcorp Marine Stock Down 2.8 %
OTCMKTS:SMBMF traded down $0.00 during trading on Friday, reaching $0.08. The company's stock had a trading volume of 11,001 shares, compared to its average volume of 20,719. The firm has a 50 day moving average of $0.10 and a 200-day moving average of $0.09. Sembcorp Marine has a 12 month low of $0.07 and a 12 month high of $0.12.
About Sembcorp Marine
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Sembcorp Marine Ltd. is an investment holding company, which engages in the provision of management services. It operates through the following segments: Rigs and Floaters, Repairs and Upgrades, Offshore Platforms, and Specialized Shipbuilding; Ship Chartering; and Others. The Others segment includes bulk trading in marine engineering related products; provision of harbour tug services to port users; collection and treatment of used copper slag; and the processing and distribution of copper slag for blast cleaning purposes.
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