Aker BP ASA (OTCMKTS:AKRBF) Sees Significant Increase in Short Interest

Aker BP ASA (OTCMKTS:AKRBF) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 6,119,700 shares, a growth of 11.0% from the May 15th total of 5,515,300 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 3,824.8 days.

Aker BP ASA Trading Down 0.2 %

Shares of OTCMKTS:AKRBF opened at $24.19 on Monday. The stock’s fifty day moving average is $24.84. Aker BP ASA has a 12 month low of $22.72 and a 12 month high of $30.37.

About Aker BP ASA

Aker BP ASA explores for, develops, and produces oil and gas on the Norwegian Continental Shelf. It operates Alvheim, Edvard Grieg, Ivar Aasen, Valhall, Skarv and Ula fields. The company was formerly known as Det norske oljeselskap ASA and changed its name to Aker BP ASA in October 2016. Aker BP ASA was founded in 2001 and is headquartered in Fornebu, Norway.