Short Interest in Akastor ASA (OTCMKTS:AKRYY) Declines By 36.4%

Akastor ASA (OTCMKTS:AKRYYGet Free Report) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 279 shares, a drop of 36.4% from the May 14th total of 439 shares. Based on an average daily volume of 156 shares, the short-interest ratio is currently 1.8 days.

Akastor ASA Stock Performance

OTCMKTS AKRYY opened at $8.81 on Monday. The company’s fifty day moving average is $9.58 and its two-hundred day moving average is $7.75. Akastor ASA has a 52-week low of $4.80 and a 52-week high of $11.95.

Akastor ASA Company Profile

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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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