Argan SA (OTCMKTS:ARLLF) Sees Large Increase in Short Interest

Argan SA (OTCMKTS:ARLLFGet Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 634 shares, a growth of 589.1% from the June 30th total of 92 shares. Based on an average daily volume of 4 shares, the short-interest ratio is presently 158.5 days.

Argan Stock Performance

OTCMKTS:ARLLF opened at $77.56 on Friday. The firm has a 50-day moving average price of $77.56 and a two-hundred day moving average price of $76.76. Argan has a twelve month low of $75.85 and a twelve month high of $77.56.

About Argan

(Get Free Report)

Argan, Inc, trading on the OTCMKTS under the symbol ARLLF, is a Delaware‐incorporated holding company that specializes in owning and operating businesses focused on energy infrastructure and environmental services. Since its founding in 1982, Argan has pursued a strategy of acquiring and growing niche companies that provide mission‐critical products and services to industrial, commercial and governmental customers. The company is headquartered in Rockville, Maryland, and its two principal operating subsidiaries are Kinetics Noise Control and The COMANCO Group.

Kinetics Noise Control designs, engineers and manufactures acoustic and thermal management solutions for a wide range of end markets, including power generation, petrochemical, manufacturing and military.

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