Archer Limited (OTCMKTS:ARHVF) Short Interest Update

Archer Limited (OTCMKTS:ARHVFGet Rating) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,200 shares, a decline of 95.0% from the March 15th total of 44,400 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 1.4 days.

ARHVF opened at $0.37 on Tuesday. The firm’s fifty day moving average price is $0.39 and its two-hundred day moving average price is $0.45. Archer has a 1 year low of $0.34 and a 1 year high of $0.66.

Archer Company Profile (Get Rating)

Archer Limited, an oilfield service company, provides various oilfield products and services to the oil and gas industry. It operates through two segments, Eastern Hemisphere and Western Hemisphere. The company provides oiltools, such as plugs and abandonment (P&A), slot recovery and P&A, cementing, and well cleaning solutions; land drilling and platform drilling services; and modular drilling rigs.

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