Archer Limited (OTCMKTS:ARHVF) Short Interest Up 188.3% in September

Archer Limited (OTCMKTS:ARHVF) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 22,200 shares, an increase of 188.3% from the August 31st total of 7,700 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 111.0 days. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 111.0 days.

Archer Price Performance

Shares of ARHVF opened at $2.34 on Friday. The firm’s 50 day moving average price is $2.35 and its 200 day moving average price is $2.21. Archer has a twelve month low of $1.63 and a twelve month high of $2.60.

Archer Company Profile

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.