Aker Solutions ASA (OTCMKTS:AKRTF) Short Interest Update

Aker Solutions ASA (OTCMKTS:AKRTF) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,790,877 shares, an increase of 63.9% from the July 30th total of 1,702,408 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of Aker Solutions ASA in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

Aker Solutions ASA Price Performance

OTCMKTS:AKRTF opened at $4.45 on Wednesday. Aker Solutions ASA has a 1 year low of $2.65 and a 1 year high of $5.15. The stock’s 50 day simple moving average is $4.47 and its two-hundred day simple moving average is $4.48.

About Aker Solutions ASA

Aker Solutions ASA is a Norway‐based engineering and technology company primarily serving the oil and gas industry. The firm specializes in the design, engineering, procurement, construction and commissioning of offshore platforms, topside modules and subsea systems. Its product portfolio includes subsea production systems, umbilicals, risers and flowlines, as well as maintenance and modification services for offshore installations.

In addition to its core oilfield services, Aker Solutions has expanded into energy transition markets.