Short Interest in Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Rises By 123.5%

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 4,344 shares, an increase of 123.5% from the April 30th total of 1,944 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Price Performance

Shares of SBOEF remained flat at $30.56 during mid-day trading on Tuesday. Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has a 12 month low of $30.56 and a 12 month high of $32.15. The stock has a 50-day simple moving average of $30.56 and a 200 day simple moving average of $30.56.

About Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft is an Austria-based manufacturer specializing in high-precision components and systems for the oil and gas industry. The company designs, engineers and produces downhole tools, drill bits, tubular goods and premium connection systems used in onshore and offshore drilling operations. Its product portfolio also includes specially alloyed steel components and wear-resistant parts that support drilling, completion and intervention activities in challenging reservoir environments.

Operating through multiple business segments, Schoeller-Bleckmann focuses on premium connections that ensure reliable pipe-to-pipe seals under high pressure and temperature conditions, as well as on drill-bit manufacturing and associated technical services.