Archer Limited (OTCMKTS:ARHVF – Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 580 shares, a decline of 96.5% from the August 31st total of 16,774 shares. Based on an average daily trading volume, of 308 shares, the days-to-cover ratio is currently 1.9 days.
Archer Price Performance
Shares of OTCMKTS ARHVF remained flat at $2.40 during mid-day trading on Thursday. The stock had a trading volume of 100 shares, compared to its average volume of 1,417. The company has a 50 day moving average price of $2.51 and a 200-day moving average price of $2.65. Archer has a 12 month low of $2.00 and a 12 month high of $3.17.
About Archer
Archer Materials Limited, which trades in the U.S. over-the-counter market under the symbol ARHVF, is an Australian technology company developing advanced materials and quantum technology applications. The company focuses on materials that may support next-generation computing, sensing and medical technologies.
Archer’s principal projects include its 12CQ quantum computing technology, which is designed around carbon-based materials for potential room-temperature quantum computing applications, and its Biochip platform, which is intended for electronic biosensing and diagnostic uses.
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