Akastor ASA (OTCMKTS:AKRYY – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 439 shares, a decline of 89.5% from the April 30th total of 4,175 shares. Based on an average daily volume of 3,754 shares, the days-to-cover ratio is presently 0.1 days.
Akastor ASA Stock Performance
Shares of AKRYY opened at $9.69 on Friday. The stock has a 50 day simple moving average of $9.55 and a 200 day simple moving average of $7.51. Akastor ASA has a 52-week low of $4.80 and a 52-week high of $11.95.
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.
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