Akastor ASA (OTCMKTS:AKRYY) Short Interest Up 606.0% in March

Akastor ASA (OTCMKTS:AKRYY) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,179 shares, a growth of 606.0% from the March 15th total of 167 shares. Based on an average daily volume of 270 shares, the short-interest ratio is currently 4.4 days.

Akastor ASA Stock Performance

OTCMKTS AKRYY opened at $9.27 on Friday. The stock’s 50-day simple moving average is $7.84 and its two-hundred day simple moving average is $6.51. Akastor ASA has a twelve month low of $4.80 and a twelve month high of $10.12.

About Akastor ASA

Akastor ASA is a Norway‐based investment company specializing in the global oilfield services sector. Established through a demerger from Aker Solutions in March 2018, Akastor pursues a value‐creation strategy by acquiring and developing high‐quality businesses that provide critical equipment, technology and services to upstream oil and gas operators.

The company’s portfolio comprises fully owned subsidiaries operating across drilling equipment, subsea services and engineering solutions.