Akastor ASA (OTCMKTS:AKRYY) Sees Large Drop in Short Interest

Akastor ASA (OTCMKTS:AKRYY) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 101 shares, a drop of 91.4% from the March 31st total of 1,179 shares. Based on an average daily volume of 1,253 shares, the short-interest ratio is presently 0.1 days.

Akastor ASA Price Performance

OTCMKTS AKRYY remained flat at $10.49 during trading hours on Friday. The company’s stock had a trading volume of 168 shares, compared to its average volume of 754. The company’s 50-day simple moving average is $8.47 and its 200 day simple moving average is $6.79. Akastor ASA has a 12 month low of $4.80 and a 12 month high of $11.95.

Akastor ASA Company Profile

Akastor ASA is a Norway‐based investment company specializing in the global oilfield services sector. Established through a demerger from Aker Solutions in March 2018, Akastor pursues a value‐creation strategy by acquiring and developing high‐quality businesses that provide critical equipment, technology and services to upstream oil and gas operators.

The company’s portfolio comprises fully owned subsidiaries operating across drilling equipment, subsea services and engineering solutions.