Short Interest in Aker ASA (OTCMKTS:AKAAF) Grows By 107.8%

Aker ASA (OTCMKTS:AKAAF) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 8,951 shares, an increase of 107.8% from the December 15th total of 4,307 shares. Based on an average trading volume of 10 shares, the days-to-cover ratio is presently 895.1 days. Based on an average trading volume of 10 shares, the days-to-cover ratio is presently 895.1 days.

Wall Street Analysts Forecast Growth

Separately, Danske downgraded shares of Aker ASA to a “hold” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Aker ASA Stock Performance

Aker ASA stock opened at $69.55 on Friday. Aker ASA has a 12 month low of $66.24 and a 12 month high of $80.75. The stock’s 50 day simple moving average is $75.37 and its two-hundred day simple moving average is $73.42.

Aker ASA Company Profile

Aker ASA is a Norwegian industrial investment company that holds controlling and significant minority stakes in a diversified portfolio of businesses active across energy, maritime, marine biotechnology, digitalization and environmental technology. The company operates primarily through subsidiaries and associated entities, with a focus on developing and strengthening global value chains in both traditional energy markets and emerging sustainable solutions.

Key business activities include oil and gas exploration and production through Aker BP, engineering and technology services via Aker Solutions and Kværner, offshore energy developments with Aker Energy, and marine-sourced health ingredients through Aker BioMarine.