Aker ASA (OTCMKTS:AKAAF) Sees Large Growth in Short Interest

Aker ASA (OTCMKTS:AKAAF) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 126,251 shares, a growth of 81.5% from the May 14th total of 69,556 shares. Based on an average trading volume of 467 shares, the short-interest ratio is presently 270.3 days.

Wall Street Analyst Weigh In

Separately, Danske upgraded Aker ASA from a “hold” rating to a “buy” rating in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Aker ASA has an average rating of “Buy”.

Aker ASA Stock Performance

Aker ASA stock opened at $130.00 on Tuesday. Aker ASA has a 52 week low of $66.24 and a 52 week high of $143.50. The stock has a 50-day simple moving average of $125.60 and a 200 day simple moving average of $99.88.

Aker ASA Company Profile

Aker ASA is a Norwegian industrial investment company that holds controlling and significant minority stakes in a diversified portfolio of businesses active across energy, maritime, marine biotechnology, digitalization and environmental technology. The company operates primarily through subsidiaries and associated entities, with a focus on developing and strengthening global value chains in both traditional energy markets and emerging sustainable solutions.

Key business activities include oil and gas exploration and production through Aker BP, engineering and technology services via Aker Solutions and Kværner, offshore energy developments with Aker Energy, and marine-sourced health ingredients through Aker BioMarine.