Aker ASA (OTCMKTS:AKAAF) Shares Shorted: Short Interest Down 71.8% in September

Aker ASA (OTCMKTS:AKAAF) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 13,561 shares, a decline of 71.8% from the September 15th total of 48,029 shares. Based on an average daily volume of 435 shares, the days-to-cover ratio is currently 31.2 days.

Aker ASA Stock Performance

Aker ASA stock opened at $142.00 on Monday. Aker ASA has a 1 year low of $69.55 and a 1 year high of $173.85. The firm’s 50 day moving average price is $156.79 and its two-hundred day moving average price is $134.63.

About Aker ASA

Aker ASA is a Norway-based investment company with a history rooted in Aker Mekaniske Verksted, established in 1841. The company has evolved from an industrial engineering and shipbuilding business into an active ownership company that develops and invests in industrial enterprises.

Aker’s portfolio has included businesses operating across energy, oilfield services, maritime industries, industrial software, seafood, renewable energy and carbon-management technologies. Through its portfolio companies, Aker provides products and services such as offshore engineering and field-development solutions, energy production, digital industrial software, marine operations and sustainable food products.

The company’s investments and portfolio companies serve customers in Norway and international markets, particularly across Europe and other regions connected to the global energy and maritime industries.