Aker ASA (OTCMKTS:AKAAF) Short Interest Up 81.5% in May

Aker ASA (OTCMKTS:AKAAF) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 126,251 shares, a growth of 81.5% from the May 14th total of 69,556 shares. Based on an average trading volume of 467 shares, the days-to-cover ratio is presently 270.3 days.

Aker ASA Stock Performance

Shares of AKAAF stock opened at $130.00 on Monday. The stock has a 50 day simple moving average of $125.26 and a two-hundred day simple moving average of $99.54. Aker ASA has a fifty-two week low of $66.24 and a fifty-two week high of $143.50.

Analysts Set New Price Targets

Separately, Danske upgraded Aker ASA from a “hold” rating to a “buy” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Aker ASA Company Profile

Aker ASA is a Norwegian industrial investment company that holds controlling and significant minority stakes in a diversified portfolio of businesses active across energy, maritime, marine biotechnology, digitalization and environmental technology. The company operates primarily through subsidiaries and associated entities, with a focus on developing and strengthening global value chains in both traditional energy markets and emerging sustainable solutions.

Key business activities include oil and gas exploration and production through Aker BP, engineering and technology services via Aker Solutions and Kværner, offshore energy developments with Aker Energy, and marine-sourced health ingredients through Aker BioMarine.