Short Interest in Aker Solutions ASA (OTCMKTS:AKRTF) Grows By 140.7%

Aker Solutions ASA (OTCMKTS:AKRTF) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 534,625 shares, a growth of 140.7% from the June 30th total of 222,090 shares. Based on an average trading volume of 101 shares, the short-interest ratio is presently 5,293.3 days.

Analyst Ratings Changes

AKRTF has been the topic of several research analyst reports. Barclays downgraded Aker Solutions ASA from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 20th. Pareto Securities downgraded Aker Solutions ASA from a “buy” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Aker Solutions ASA in a report on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Aker Solutions ASA Price Performance

Shares of AKRTF stock opened at $4.45 on Tuesday. Aker Solutions ASA has a 1 year low of $2.65 and a 1 year high of $5.15. The firm’s fifty day simple moving average is $4.64 and its 200 day simple moving average is $4.24.

Aker Solutions ASA Company Profile

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.