Akastor ASA (OTCMKTS:AKKVF) Stock Short Interest Rises 1,500.0%

Akastor ASA (OTCMKTS:AKKVF) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,600 shares, a growth of 1,500.0% from the August 31st total of 100 shares. Based on an average trading volume of 15,300 shares, the short-interest ratio is currently 0.1 days.

Akastor ASA Stock Performance

Shares of OTCMKTS AKKVF remained flat at $1.42 on Thursday. The company has a fifty day moving average of $1.40 and a two-hundred day moving average of $1.48. Akastor ASA has a 12 month low of $1.19 and a 12 month high of $1.95.

About Akastor ASA

Akastor ASA is a Norway-based investment company focused on ownership and development of businesses serving the oilfield services and offshore energy industries. The company seeks to create value through active ownership, strategic portfolio management and investments in industrial companies with international operations.

Akastor’s portfolio has included businesses providing drilling equipment, offshore services and related technologies. Its principal industrial investment is HMH, a joint venture with Baker Hughes that develops and supplies drilling equipment and technology for offshore and onshore oil and gas operations.