Archer Limited (OTCMKTS:ARHVF – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 16,774 shares, a growth of 20,867.5% from the June 30th total of 80 shares. Based on an average daily volume of 7 shares, the short-interest ratio is presently 2,396.3 days.
Archer Price Performance
Shares of ARHVF opened at $2.50 on Friday. Archer has a 1-year low of $2.00 and a 1-year high of $3.17. The firm has a 50 day simple moving average of $2.61 and a 200-day simple moving average of $2.64.
About Archer
Archer is a technology company focused on the design and development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company aims to launch air taxi services that reduce travel time and emissions in densely populated areas. Archer’s core offering centers on fully electric, piloted aircraft designed to carry passengers on short-haul routes, leveraging advanced battery systems, electric propulsion, and composite structures.
Among Archer’s key projects are “Maker,” a two-seat piloted prototype used for flight testing and certification work, and “Midnight,” a four-passenger production model slated for commercial service.
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