Short Interest in Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Decreases By 19.4%

Kongsberg Gruppen ASA (OTCMKTS:NSKFFGet Rating) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 17,000 shares, a decline of 19.4% from the March 31st total of 21,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 170.0 days.

Separately, Pareto Securities lowered Kongsberg Gruppen ASA from a “buy” rating to a “hold” rating and set a $400.00 price target for the company. in a research report on Tuesday, April 26th.

Shares of NSKFF remained flat at $$44.13 during midday trading on Tuesday. Kongsberg Gruppen ASA has a 1-year low of $24.75 and a 1-year high of $45.67. The stock has a 50-day moving average of $39.39 and a 200-day moving average of $34.48.

About Kongsberg Gruppen ASA (Get Rating)

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments, Kongsberg Maritime (KM), and Kongsberg Defence & Aerospace(KDA), and Kongsberg Digital (KDI). The KM segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels.

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