Argan SA (OTCMKTS:ARLLF – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 634 shares, a growth of 589.1% from the June 30th total of 92 shares. Based on an average daily trading volume, of 4 shares, the days-to-cover ratio is presently 158.5 days.
Argan Stock Performance
Shares of ARLLF opened at $77.56 on Monday. Argan has a one year low of $75.85 and a one year high of $77.56. The company’s fifty day moving average price is $77.56 and its 200 day moving average price is $76.85.
About Argan
Argan, Inc, trading on the OTCMKTS under the symbol ARLLF, is a Delaware‐incorporated holding company that specializes in owning and operating businesses focused on energy infrastructure and environmental services. Since its founding in 1982, Argan has pursued a strategy of acquiring and growing niche companies that provide mission‐critical products and services to industrial, commercial and governmental customers. The company is headquartered in Rockville, Maryland, and its two principal operating subsidiaries are Kinetics Noise Control and The COMANCO Group.
Kinetics Noise Control designs, engineers and manufactures acoustic and thermal management solutions for a wide range of end markets, including power generation, petrochemical, manufacturing and military.
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