Akastor ASA (OTCMKTS:AKKVF) Short Interest Down 95.9% in May

Akastor ASA (OTCMKTS:AKKVF) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 405 shares, a decline of 95.9% from the May 14th total of 9,932 shares. Based on an average daily volume of 112 shares, the days-to-cover ratio is presently 3.6 days.

Akastor ASA Stock Up 6.9%

AKKVF traded up $0.10 during trading on Tuesday, reaching $1.55. 50,090 shares of the stock were exchanged, compared to its average volume of 8,974. The business’s 50 day moving average price is $1.63 and its two-hundred day moving average price is $1.18. Akastor ASA has a 1 year low of $1.30 and a 1 year high of $1.95.

Akastor ASA Company Profile

Akastor ASA is an Oslo-based industrial investment company dedicated to the offshore energy sector, with a primary focus on oilfield services. Formed in 2014 as a spin-off from Aker Solutions, the company seeks to build and support businesses that deliver critical services to upstream oil and gas operators around the world.

At the core of Akastor’s portfolio is its drilling services arm, which provides drilling rigs, downhole tools and campaign management through its subsidiary Archer.