Short Interest in Archer Limited (OTCMKTS:ARHVF) Rises By 100.0%

Archer Limited (OTCMKTS:ARHVF) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 200 shares, a growth of 100.0% from the December 15th total of 100 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 1.0 days.

Archer Trading Up 10.4 %

OTCMKTS:ARHVF traded up $0.23 on Thursday, hitting $2.43. 800 shares of the company’s stock traded hands, compared to its average volume of 1,028. Archer has a 1 year low of $1.75 and a 1 year high of $3.00. The firm has a 50-day moving average price of $2.13 and a 200-day moving average price of $2.26.

Archer Company Profile

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.