Archer Limited (OTCMKTS:ARHVF – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 16,774 shares, a growth of 20,867.5% from the June 30th total of 80 shares. Based on an average daily trading volume, of 7 shares, the days-to-cover ratio is presently 2,396.3 days.
Archer Stock Performance
Shares of OTCMKTS:ARHVF remained flat at $2.50 during midday trading on Friday. The stock’s 50 day moving average is $2.62 and its 200 day moving average is $2.64. Archer has a twelve month low of $2.00 and a twelve month high of $3.17.
Archer Company Profile
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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