Short Interest in Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Drops By 25.6%

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 150,000 shares, a decline of 25.6% from the May 15th total of 201,500 shares. Based on an average trading volume of 700 shares, the short-interest ratio is presently 214.3 days.

Kongsberg Gruppen ASA Stock Performance

OTCMKTS:NSKFF opened at $39.06 on Thursday. Kongsberg Gruppen ASA has a one year low of $78.73 and a one year high of $180.00. The business has a fifty day moving average price of $135.84 and a 200-day moving average price of $126.85.

Kongsberg Gruppen ASA Company Profile

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. The Kongsberg Maritime segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels.