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

Archer Limited (OTCMKTS:ARHVF) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,000 shares, a growth 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 presently 3.3 days.

Archer Price Performance

Shares of OTCMKTS ARHVF remained flat at $2.60 during midday trading on Friday. Archer has a 52 week low of $1.95 and a 52 week high of $3.00. The firm’s 50-day moving average is $2.39 and its two-hundred day moving average is $2.26.

About Archer

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.