Sembcorp Marine Ltd (OTCMKTS:SMBMF – Get Rating) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 19,038,300 shares, an increase of 24.9% from the December 31st total of 15,239,600 shares. Based on an average trading volume of 7,700 shares, the days-to-cover ratio is presently 2,472.5 days.

Sembcorp Marine Stock Performance

SMBMF opened at $0.11 on Friday. The stock's 50 day simple moving average is $0.10 and its 200 day simple moving average is $0.09. Sembcorp Marine has a 1 year low of $0.06 and a 1 year high of $0.12.

Wall Street Analyst Weigh In

Separately, HSBC upgraded 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. 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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