Short Interest in Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Drops By 55.2%

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,944 shares, a drop of 55.2% from the May 14th total of 4,344 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Stock Performance

Shares of Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft stock remained flat at $30.56 on Friday. Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has a 12-month low of $30.56 and a 12-month high of $32.15. The firm’s 50 day moving average is $30.56 and its two-hundred day moving average is $30.56.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Company Profile

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.