Kongsberg Gruppen ASA (OTCMKTS:NSKFF – Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 1,958,461 shares, an increase of 54.6% from the July 15th total of 1,266,443 shares. Based on an average daily volume of 3,430 shares, the short-interest ratio is presently 571.0 days.
Kongsberg Gruppen ASA Stock Performance
OTCMKTS NSKFF opened at $34.55 on Wednesday. Kongsberg Gruppen ASA has a twelve month low of $22.39 and a twelve month high of $45.00. The stock has a fifty day simple moving average of $31.11 and a 200 day simple moving average of $35.70.
Analyst Ratings Changes
NSKFF has been the subject of a number of research analyst reports. Barclays started coverage on shares of Kongsberg Gruppen ASA in a research report on Monday, August 10th. They set an “overweight” rating for the company. Morgan Stanley cut shares of Kongsberg Gruppen ASA from a “mixed” rating to an “underweight” rating in a research note on Tuesday, July 7th. Finally, Nordea Equity Research upgraded shares of Kongsberg Gruppen ASA from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
Kongsberg Gruppen ASA Company Profile
Kongsberg Gruppen ASA is a Norwegian technology and industrial group specializing in defense, maritime automation, and digitalization solutions. Established in 1814 as Kongsberg Weapons Factory, the company has evolved into a leading supplier of high-technology systems for military and commercial customers. Headquartered in Kongsberg, Norway, it operates through a network of subsidiaries and offices across Europe, North America, Asia and Australia.
In its defense and aerospace division, Kongsberg Gruppen designs and delivers advanced systems such as remote weapon stations, missile systems, command and control solutions, and sensor systems.
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