Archer Limited (OTCMKTS:ARHVF – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 16,774 shares, an increase of 20,867.5% from the June 30th total of 80 shares. Based on an average daily volume of 7 shares, the short-interest ratio is currently 2,396.3 days.
Archer Price Performance
OTCMKTS ARHVF remained flat at $2.50 during trading hours on Friday. The business’s 50 day simple moving average is $2.62 and its 200 day simple moving average is $2.64. Archer has a 1-year low of $2.00 and a 1-year high of $3.17.
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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