Archer Limited (OTCMKTS:ARHVF) Sees Significant Drop in Short Interest

Archer Limited (OTCMKTS:ARHVF) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 100 shares, a decrease of 87.5% from the March 15th total of 800 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 0.2 days.

Archer Stock Performance

Shares of ARHVF stock opened at $2.05 on Wednesday. Archer has a 52-week low of $2.04 and a 52-week high of $3.00. The business’s fifty day moving average is $2.33 and its 200 day moving average is $2.25.

About Archer

Archer Limited, together with its subsidiaries, provides various oilfield products and services to the oil and gas industry in Norway, Argentina, the United Kingdom, and internationally. The company operates in three segments: Platform Operations, Well Services, and Land Drilling. It provides oil tools, wireline services, and coil tubing and pumping services, as well as well construction and completion, well intervention and workover, slot recovery, well plug and abandonment, and surface, geothermal, and CCUS applications.