Archer Limited (OTCMKTS:ARHVF) Sees Large Drop in Short Interest

Archer Limited (OTCMKTS:ARHVF) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 4,400 shares, a drop of 18.5% from the March 15th total of 5,400 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 22.0 days.

Archer Stock Performance

ARHVF stock opened at $0.09 on Friday. The firm has a 50 day moving average of $0.10 and a 200-day moving average of $0.08. Archer has a 12-month low of $0.07 and a 12-month high of $0.14.

Archer Company Profile

Archer Limited, together with its subsidiaries, provides various oilfield products and services to the oil and gas industry in Norway, Argentina, the United Kingdom, and internationally. The company operates in three segments: Platform Operations, Well Services, and Land Drilling. It provides oil tools, wireline services, and coil tubing and pumping services, as well as well construction and completion, well intervention and workover, slot recovery, well plug and abandonment, and surface, geothermal, and CCUS applications.