Archer Limited (OTCMKTS:ARHVF) Short Interest Update

Archer Limited (OTCMKTS:ARHVF) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,700 shares, an increase of 1,600.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 17.0 days.

Archer Stock Performance

OTCMKTS:ARHVF opened at $1.63 on Monday. Archer has a 1 year low of $1.63 and a 1 year high of $3.00. The firm’s fifty day simple moving average is $2.20 and its 200 day simple moving average is $2.22.

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.