Archer Limited (OTCMKTS:ARHVF) Sees Large Increase in Short Interest

Archer Limited (OTCMKTS:ARHVF) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,000 shares, an increase of 400.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 3.3 days.

Archer Stock Performance

ARHVF remained flat at $2.60 on Friday. Archer has a 52-week low of $1.95 and a 52-week high of $3.00. The stock has a 50 day moving average price of $2.38 and a two-hundred 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.