Akastor ASA (OTCMKTS:AKKVF) Short Interest Down 95.9% in May

Akastor ASA (OTCMKTS:AKKVF) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 405 shares, a drop of 95.9% from the May 14th total of 9,932 shares. Based on an average trading volume of 112 shares, the short-interest ratio is currently 3.6 days.

Akastor ASA Price Performance

Shares of AKKVF stock traded up $0.10 during midday trading on Tuesday, reaching $1.55. 50,090 shares of the company traded hands, compared to its average volume of 8,974. The firm’s 50 day simple moving average is $1.63 and its two-hundred day simple moving average is $1.18. Akastor ASA has a 1-year low of $1.30 and a 1-year high of $1.95.

About Akastor ASA

Akastor ASA is an Oslo-based industrial investment company dedicated to the offshore energy sector, with a primary focus on oilfield services. Formed in 2014 as a spin-off from Aker Solutions, the company seeks to build and support businesses that deliver critical services to upstream oil and gas operators around the world.

At the core of Akastor’s portfolio is its drilling services arm, which provides drilling rigs, downhole tools and campaign management through its subsidiary Archer.