Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Sees Large Increase in Short Interest

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 317,700 shares, a growth of 118.1% from the February 28th total of 145,700 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is currently 138.1 days.

Kongsberg Gruppen ASA Stock Performance

Shares of OTCMKTS:NSKFF opened at $147.00 on Friday. Kongsberg Gruppen ASA has a 52 week low of $67.10 and a 52 week high of $160.00. The company has a 50-day moving average price of $125.11 and a 200 day moving average price of $113.30.

Kongsberg Gruppen ASA Company Profile

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. The Kongsberg Maritime segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels.