Archer Limited (OTCMKTS:ARHVF) Short Interest Down 36.8% in February

Archer Limited (OTCMKTS:ARHVF – Get Rating) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 5,500 shares, a decline of 36.8% from the February 13th total of 8,700 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 6.1 days.

Archer Price Performance

Shares of Archer stock opened at $0.16 on Friday. The firm has a 50-day moving average of $0.36 and a 200-day moving average of $0.33. Archer has a 52-week low of $0.16 and a 52-week high of $0.49.

Archer Company Profile

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Archer Ltd. engages in the provision of a variety of oilfield products and services. It operates through the Eastern Hemisphere and Western Hemisphere segments. The Eastern Hemisphere segment is involved in platform drilling, engineering, wireline, and oiltools service divisions. The Western Hemisphere segment is composed of land drilling operations in Latin America.