Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Short Interest Update

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 695,700 shares, a growth of 43.1% from the September 15th total of 486,000 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is currently 695.7 days. Based on an average daily volume of 1,000 shares, the short-interest ratio is currently 695.7 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley began coverage on Kongsberg Gruppen ASA in a research note on Thursday, September 4th. They issued a “mixed” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Kongsberg Gruppen ASA Stock Performance

OTCMKTS:NSKFF opened at $28.82 on Friday. Kongsberg Gruppen ASA has a one year low of $19.74 and a one year high of $50.00. The business has a fifty day moving average price of $30.60 and a 200-day moving average price of $69.88.

About Kongsberg Gruppen ASA

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. The Kongsberg Maritime segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels.