Akastor ASA (OTCMKTS:AKRYY – Get Free Report) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 207 shares, a drop of 73.6% from the November 30th total of 785 shares. Based on an average daily volume of 1,822 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,822 shares, the days-to-cover ratio is currently 0.1 days.
Akastor ASA Stock Performance
Shares of Akastor ASA stock opened at $6.03 on Friday. The stock’s 50 day simple moving average is $5.65 and its 200-day simple moving average is $6.09. Akastor ASA has a 1-year low of $4.80 and a 1-year high of $12.09.
Akastor ASA Company Profile
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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