Akastor ASA (OTCMKTS:AKRYY) Short Interest Down 74.7% in July

Akastor ASA (OTCMKTS:AKRYYGet Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 57 shares, a drop of 74.7% from the July 15th total of 225 shares. Based on an average daily volume of 2 shares, the short-interest ratio is presently 28.5 days.

Akastor ASA Price Performance

Shares of AKRYY stock opened at $9.20 on Thursday. The company’s fifty day simple moving average is $9.37 and its 200-day simple moving average is $8.77. Akastor ASA has a 12 month low of $4.80 and a 12 month high of $11.95.

About Akastor ASA

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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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