Short Interest in Aker Solutions ASA (OTCMKTS:AKRTF) Declines By 33.2%

Aker Solutions ASA (OTCMKTS:AKRTF) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 308,149 shares, a decrease of 33.2% from the May 14th total of 461,275 shares. Based on an average daily volume of 426 shares, the short-interest ratio is presently 723.4 days.

Aker Solutions ASA Stock Up 0.7%

OTCMKTS AKRTF opened at $4.85 on Tuesday. The company has a 50 day moving average of $4.69 and a 200-day moving average of $3.93. Aker Solutions ASA has a 1-year low of $2.65 and a 1-year high of $5.15.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays lowered shares of Aker Solutions ASA from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 20th. Pareto Securities lowered shares of Aker Solutions ASA from a “buy” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Aker Solutions ASA in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

About Aker Solutions ASA

Aker Solutions ASA is a Norway‐based engineering and technology company primarily serving the oil and gas industry. The firm specializes in the design, engineering, procurement, construction and commissioning of offshore platforms, topside modules and subsea systems. Its product portfolio includes subsea production systems, umbilicals, risers and flowlines, as well as maintenance and modification services for offshore installations.

In addition to its core oilfield services, Aker Solutions has expanded into energy transition markets.