Short Interest in Aker Solutions ASA (OTCMKTS:AKRTF) Rises By 63.9%

Aker Solutions ASA (OTCMKTS:AKRTF) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,790,877 shares, an increase of 63.9% from the July 30th total of 1,702,408 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Aker Solutions ASA in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Aker Solutions ASA Stock Performance

Shares of OTCMKTS:AKRTF opened at $4.45 on Tuesday. Aker Solutions ASA has a 12 month low of $2.65 and a 12 month high of $5.15. The firm’s 50-day moving average is $4.47 and its 200 day moving average is $4.47.

About Aker Solutions ASA

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.