Akastor ASA (OTCMKTS:AKRYY – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 279 shares, a drop of 36.4% from the May 14th total of 439 shares. Based on an average trading volume of 156 shares, the days-to-cover ratio is presently 1.8 days.
Akastor ASA Price Performance
Shares of OTCMKTS:AKRYY opened at $8.81 on Tuesday. The company’s 50 day simple moving average is $9.56 and its 200 day simple moving average is $7.77. Akastor ASA has a 1 year low of $4.80 and a 1 year high of $11.95.
About Akastor ASA
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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