Sembcorp Marine Ltd (OTCMKTS:SMBMF – Get Rating) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 18,533,400 shares, a decrease of 60.8% from the November 15th total of 47,323,800 shares. Based on an average daily trading volume, of 57,700 shares, the days-to-cover ratio is presently 321.2 days.

Sembcorp Marine Stock Up 0.9 %

Shares of SMBMF traded up $0.00 during mid-day trading on Monday, hitting $0.11. 5,000 shares of the company's stock were exchanged, compared to its average volume of 21,161. The stock's 50-day moving average is $0.09 and its 200-day moving average is $0.08. Sembcorp Marine has a fifty-two week low of $0.06 and a fifty-two week high of $0.12.

Analyst Upgrades and Downgrades

Separately, HSBC raised shares of Sembcorp Marine from a "hold" rating to a "buy" rating in a research report on Monday, November 28th.

Sembcorp Marine Company Profile

Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs, jack-ups, semi-submersibles, drill ships, SSP solutions, TLPs, and SPARs.

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