Short Interest in Aker Solutions ASA (OTCMKTS:AKRTF) Grows By 140.7%

Aker Solutions ASA (OTCMKTS:AKRTF) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 534,625 shares, a growth of 140.7% from the June 30th total of 222,090 shares. Based on an average trading volume of 101 shares, the days-to-cover ratio is presently 5,293.3 days.

Aker Solutions ASA Price Performance

Shares of Aker Solutions ASA stock opened at $4.45 on Tuesday. The stock has a 50 day moving average price of $4.64 and a two-hundred day moving average price of $4.24. Aker Solutions ASA has a 12-month low of $2.65 and a 12-month high of $5.15.

Analysts Set New Price Targets

Several brokerages have recently commented on AKRTF. Barclays lowered shares of Aker Solutions ASA from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 20th. Pareto Securities cut shares of Aker Solutions ASA from a “buy” rating to a “hold” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Aker Solutions ASA in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Aker Solutions ASA Company Profile

Aker Solutions ASA is a Norway?based engineering and technology company primarily serving the oil and gas industry. The firm specializes in the design, engineering, procurement, construction and commissioning of offshore platforms, topside modules and subsea systems. Its product portfolio includes subsea production systems, umbilicals, risers and flowlines, as well as maintenance and modification services for offshore installations.

In addition to its core oilfield services, Aker Solutions has expanded into energy transition markets.