Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Short Interest Update

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,958,461 shares, an increase of 54.6% from the July 15th total of 1,266,443 shares. Based on an average daily trading volume, of 3,430 shares, the short-interest ratio is currently 571.0 days.

Kongsberg Gruppen ASA Stock Performance

OTCMKTS:NSKFF opened at $35.00 on Tuesday. Kongsberg Gruppen ASA has a 12-month low of $22.39 and a 12-month high of $45.00. The stock has a fifty day moving average price of $31.07 and a 200 day moving average price of $35.69.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NSKFF shares. Nordea Equity Research upgraded Kongsberg Gruppen ASA from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Barclays began coverage on Kongsberg Gruppen ASA in a report on Monday, August 10th. They set an “overweight” rating for the company. Finally, Morgan Stanley downgraded Kongsberg Gruppen ASA from a “mixed” rating to an “underweight” rating in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kongsberg Gruppen ASA presently has an average rating of “Hold”.

Kongsberg Gruppen ASA Company Profile

Kongsberg Gruppen ASA is a Norwegian technology and industrial group specializing in defense, maritime automation, and digitalization solutions. Established in 1814 as Kongsberg Weapons Factory, the company has evolved into a leading supplier of high-technology systems for military and commercial customers. Headquartered in Kongsberg, Norway, it operates through a network of subsidiaries and offices across Europe, North America, Asia and Australia.

In its defense and aerospace division, Kongsberg Gruppen designs and delivers advanced systems such as remote weapon stations, missile systems, command and control solutions, and sensor systems.