Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Short Interest Down 20.6% in November

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 78,600 shares, a drop of 20.6% from the November 15th total of 99,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 786.0 days.

Kongsberg Gruppen ASA Stock Performance

Shares of NSKFF traded down $3.77 on Monday, reaching $113.33. 200 shares of the company’s stock traded hands, compared to its average volume of 706. Kongsberg Gruppen ASA has a 52-week low of $45.00 and a 52-week high of $120.35. The stock’s 50 day simple moving average is $107.62 and its two-hundred day simple moving average is $99.02.

Kongsberg Gruppen ASA Company Profile

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. The Kongsberg Maritime segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels.