Archer Limited (OTCMKTS:ARHVF – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 80 shares, a drop of 55.6% from the May 31st total of 180 shares. Based on an average trading volume of 661 shares, the days-to-cover ratio is currently 0.1 days.
Archer Price Performance
Shares of OTCMKTS:ARHVF opened at $2.50 on Monday. Archer has a 12 month low of $2.00 and a 12 month high of $3.17. The stock’s 50 day moving average price is $2.75 and its 200 day moving average price is $2.58.
Archer Company Profile
Archer is a technology company focused on the design and development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company aims to launch air taxi services that reduce travel time and emissions in densely populated areas. Archer’s core offering centers on fully electric, piloted aircraft designed to carry passengers on short-haul routes, leveraging advanced battery systems, electric propulsion, and composite structures.
Among Archer’s key projects are “Maker,” a two-seat piloted prototype used for flight testing and certification work, and “Midnight,” a four-passenger production model slated for commercial service.
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