Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Sees Large Growth in Short Interest

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 5,700 shares, an increase of 280.0% from the March 31st total of 1,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 57.0 days.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Price Performance

SBOEF remained flat at $49.60 on Friday. The company’s 50 day moving average is $46.20 and its 200 day moving average is $49.57. Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has a 12 month low of $48.15 and a 12 month high of $49.60.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Company Profile

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft engages in the development, production, and marketing of stainless-steel products and drilling and completion equipment worldwide. The company operates in two segments, Advanced Manufacturing & Services, and Oilfield Equipment. The Advanced Manufacturing & Services segment manufactures high-alloy and non-magnetic stainless steels that offers high material strength and corrosion resistance, as well as customized high-precision MWD/LWD components, such as collars for use as high-tech housings for special logging instruments, sensors, antennas, and generators in the oil, gas, and other industries.