Akastor ASA (OTCMKTS:AKRYY) Sees Large Drop in Short Interest

Akastor ASA (OTCMKTS:AKRYY) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 400 shares, a decline of 63.6% from the November 30th total of 1,100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 4.0 days.

Akastor ASA Price Performance

Shares of Akastor ASA stock opened at $10.00 on Friday. Akastor ASA has a fifty-two week low of $6.50 and a fifty-two week high of $12.09. The company has a fifty day moving average of $9.08 and a 200 day moving average of $7.73.

Akastor ASA Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 16th. Investors of record on Tuesday, November 26th were paid a dividend of $2.8177 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from Akastor ASA’s previous dividend of $0.23.

Akastor ASA Company Profile

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.