Archer Limited (OTCMKTS:ARHVF – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 80 shares, a drop of 55.6% from the May 31st total of 180 shares. Based on an average daily volume of 661 shares, the short-interest ratio is presently 0.1 days.
Archer Stock Performance
OTCMKTS:ARHVF opened at $2.50 on Wednesday. Archer has a 12 month low of $2.00 and a 12 month high of $3.17. The business’s 50-day moving average is $2.73 and its 200 day moving average is $2.58.
About Archer
Archer is a technology company focused on the design and development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company aims to launch air taxi services that reduce travel time and emissions in densely populated areas. Archer’s core offering centers on fully electric, piloted aircraft designed to carry passengers on short-haul routes, leveraging advanced battery systems, electric propulsion, and composite structures.
Among Archer’s key projects are “Maker,” a two-seat piloted prototype used for flight testing and certification work, and “Midnight,” a four-passenger production model slated for commercial service.
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