Short Interest in Akastor ASA (OTCMKTS:AKRYY) Rises By 1,000.0%

Akastor ASA (OTCMKTS:AKRYY) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,100 shares, an increase of 1,000.0% from the November 15th total of 100 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 1.8 days.

Akastor ASA Price Performance

Shares of OTCMKTS AKRYY opened at $10.00 on Friday. The firm’s 50-day moving average price is $8.77 and its two-hundred day moving average price is $7.44. Akastor ASA has a 52-week low of $6.50 and a 52-week high of $12.09.

Akastor ASA Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 26th will be paid a dividend of $2.8177 per share. This is a boost from Akastor ASA’s previous dividend of $0.23. The ex-dividend date of this dividend is Tuesday, December 17th.

About Akastor ASA

Akastor ASA operates as an oilfield services investment company in Norway and internationally. The company offers vessel-based subsea well construction and intervention services to the oil and gas industry. It also provides anchor handling, towing, and supply services to offshore oil and gas fields. In addition, the company offers a range of offshore drilling equipment products and packages.