Aker Solutions ASA (OTCMKTS:AKRTF – Get Free Report) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 290,897 shares, an increase of 55,841.7% from the April 15th total of 520 shares. Based on an average daily trading volume, of 473 shares, the short-interest ratio is presently 615.0 days.
Aker Solutions ASA Price Performance
Shares of AKRTF remained flat at $4.50 on Monday. The firm has a 50 day moving average of $4.45 and a two-hundred day moving average of $3.56. Aker Solutions ASA has a 12 month low of $2.65 and a 12 month high of $5.15.
Wall Street Analyst Weigh In
AKRTF has been the topic of a number of research reports. Pareto Securities lowered shares of Aker Solutions ASA from a “buy” rating to a “hold” rating in a research report on Thursday, April 30th. Danske lowered shares of Aker Solutions ASA from a “hold” rating to a “sell” rating in a research report on Thursday, February 5th. Finally, Barclays lowered shares of Aker Solutions ASA from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Aker Solutions ASA Company Profile
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.
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