Short Interest in Aker BP ASA (OTCMKTS:AKRBF) Drops By 13.7%

Aker BP ASA (OTCMKTS:AKRBF) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 5,769,700 shares, a decrease of 13.7% from the February 28th total of 6,688,600 shares. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is presently 571.3 days.

Aker BP ASA Price Performance

Shares of OTCMKTS AKRBF opened at $24.00 on Wednesday. The firm has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $21.54. Aker BP ASA has a twelve month low of $18.69 and a twelve month high of $27.55.

Aker BP ASA Company Profile

Aker BP ASA explores for, develops, and produces oil and gas on the Norwegian Continental Shelf. It operates Alvheim, Edvard Grieg, Ivar Aasen, Valhall, Skarv and Ula fields. The company was formerly known as Det norske oljeselskap ASA and changed its name to Aker BP ASA in October 2016. Aker BP ASA was founded in 2001 and is headquartered in Fornebu, Norway.