Aker ASA (OTCMKTS:AKAAF) Sees Significant Drop in Short Interest

Aker ASA (OTCMKTS:AKAAF) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 16,700 shares, a drop of 8.2% from the October 15th total of 18,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 167.0 days.

Aker ASA Stock Performance

Shares of OTCMKTS AKAAF opened at $49.65 on Tuesday. Aker ASA has a 12-month low of $49.65 and a 12-month high of $49.65. The firm’s 50-day simple moving average is $49.99 and its 200 day simple moving average is $52.53.

Aker ASA Company Profile

Aker ASA operates as an industrial investment company in Norway, the European Union, North America, South America, Asia, and internationally. The company operates in two segments: Industrial Holdings and Financial Investments. It harvests, develops, markets, and sells krill-based ingredients and products, such as Superba Krill Oil, a phospholipid-based omega-3 dietary supplement, and Kori, an omega-3 supplement for consumers; QRILL Aqua, an ingredient for the aquaculture industry; and QRILL Pet, an omega-3 ingredient for pet food.