Short Interest in Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Drops By 56.0%

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,075 shares, a drop of 56.0% from the June 30th total of 11,527 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Stock Performance

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