Short Interest in Aker ASA (OTCMKTS:AKAAF) Rises By 107.8%

Aker ASA (OTCMKTS:AKAAF) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 8,951 shares, a growth of 107.8% from the December 15th total of 4,307 shares. Based on an average daily trading volume, of 10 shares, the short-interest ratio is presently 895.1 days. Based on an average daily trading volume, of 10 shares, the short-interest ratio is presently 895.1 days.

Aker ASA Price Performance

AKAAF stock opened at $69.55 on Thursday. The firm has a 50 day simple moving average of $75.60 and a two-hundred day simple moving average of $73.44. Aker ASA has a one year low of $66.24 and a one year high of $80.75.

Analyst Upgrades and Downgrades

Separately, Danske cut Aker ASA to a “hold” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.