Short Interest in Aker Solutions ASA (OTCMKTS:AKRTF) Decreases By 33.2%

Aker Solutions ASA (OTCMKTS:AKRTF) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 308,149 shares, a decrease of 33.2% from the May 14th total of 461,275 shares. Based on an average trading volume of 426 shares, the days-to-cover ratio is currently 723.4 days.

Aker Solutions ASA Stock Up 0.5%

Shares of Aker Solutions ASA stock opened at $4.87 on Wednesday. Aker Solutions ASA has a twelve month low of $2.65 and a twelve month high of $5.15. The firm’s 50-day moving average price is $4.69 and its 200 day moving average price is $3.94.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AKRTF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Aker Solutions ASA in a research report on Wednesday, May 13th. Pareto Securities lowered Aker Solutions ASA from a “buy” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Barclays lowered Aker Solutions ASA from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

About Aker Solutions ASA

Aker Solutions ASA is a Norway‐based engineering and technology company primarily serving the oil and gas industry. The firm specializes in the design, engineering, procurement, construction and commissioning of offshore platforms, topside modules and subsea systems. Its product portfolio includes subsea production systems, umbilicals, risers and flowlines, as well as maintenance and modification services for offshore installations.

In addition to its core oilfield services, Aker Solutions has expanded into energy transition markets.