Aker ASA (OTCMKTS:AKAAF) Short Interest Up 81.5% in May

Aker ASA (OTCMKTS:AKAAF) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 126,251 shares, a growth of 81.5% from the May 14th total of 69,556 shares. Based on an average daily volume of 467 shares, the days-to-cover ratio is currently 270.3 days.

Wall Street Analyst Weigh In

Separately, Danske raised Aker ASA from a “hold” rating to a “buy” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Aker ASA has an average rating of “Buy”.

Aker ASA Stock Performance

Shares of AKAAF opened at $130.00 on Monday. Aker ASA has a 1 year low of $66.24 and a 1 year high of $143.50. The business has a 50-day moving average of $125.26 and a 200-day moving average of $99.54.

About Aker ASA

Aker ASA is a Norwegian industrial investment company that holds controlling and significant minority stakes in a diversified portfolio of businesses active across energy, maritime, marine biotechnology, digitalization and environmental technology. The company operates primarily through subsidiaries and associated entities, with a focus on developing and strengthening global value chains in both traditional energy markets and emerging sustainable solutions.

Key business activities include oil and gas exploration and production through Aker BP, engineering and technology services via Aker Solutions and Kværner, offshore energy developments with Aker Energy, and marine-sourced health ingredients through Aker BioMarine.