Archer Limited (OTCMKTS:ARHVF) Short Interest Update

Archer Limited (OTCMKTS:ARHVF) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 58,200 shares, a growth of 162.2% from the September 15th total of 22,200 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 97.0 days. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 97.0 days.

Archer Stock Performance

ARHVF stock opened at $2.34 on Friday. Archer has a 1-year low of $1.63 and a 1-year high of $2.60. The business has a 50 day simple moving average of $2.37 and a two-hundred day simple moving average of $2.22.

About Archer

Archer Limited, together with its subsidiaries, provides various oilfield products and services to the oil and gas industry in Norway, Argentina, the United Kingdom, and internationally. The company operates in three segments: Platform Operations, Well Services, and Land Drilling. It provides oil tools, wireline services, and coil tubing and pumping services, as well as well construction and completion, well intervention and workover, slot recovery, well plug and abandonment, and surface, geothermal, and CCUS applications.