Aker ASA (OTCMKTS:AKAAF) Sees Significant Increase in Short Interest

Aker ASA (OTCMKTS:AKAAF) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 65,932 shares, a growth of 386.2% from the September 30th total of 13,561 shares. Based on an average daily trading volume, of 534 shares, the days-to-cover ratio is currently 123.5 days.

Aker ASA Stock Performance

Aker ASA stock opened at $132.78 on Wednesday. The firm has a 50-day moving average of $154.31 and a 200-day moving average of $122.96. Aker ASA has a one year low of $69.55 and a one year high of $173.85.

About Aker ASA

Aker ASA is a Norway-based investment company with a history rooted in Aker Mekaniske Verksted, established in 1841. The company has evolved from an industrial engineering and shipbuilding business into an active ownership company that develops and invests in industrial enterprises.

Aker’s portfolio has included businesses operating across energy, oilfield services, maritime industries, industrial software, seafood, renewable energy and carbon-management technologies. Through its portfolio companies, Aker provides products and services such as offshore engineering and field-development solutions, energy production, digital industrial software, marine operations and sustainable food products.

The company’s investments and portfolio companies serve customers in Norway and international markets, particularly across Europe and other regions connected to the global energy and maritime industries.