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

Akastor ASA (OTCMKTS:AKRYYGet Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 439 shares, a decrease of 89.5% from the April 30th total of 4,175 shares. Based on an average trading volume of 3,754 shares, the days-to-cover ratio is presently 0.1 days.

Akastor ASA Stock Performance

OTCMKTS:AKRYY opened at $9.50 on Thursday. The stock has a fifty day moving average price of $9.53 and a two-hundred day moving average price of $7.46. Akastor ASA has a 1 year low of $4.80 and a 1 year high of $11.95.

About Akastor ASA

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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.

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