Archer Limited (OTCMKTS:ARHVF) Short Interest Update

Archer Limited (OTCMKTS:ARHVF) saw a large increase in short interest in 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 volume of 300 shares, the days-to-cover ratio is presently 3.3 days.

Archer Stock Performance

Shares of OTCMKTS:ARHVF remained flat at $2.60 during trading on Friday. Archer has a 12-month low of $1.95 and a 12-month high of $3.00. The company’s 50-day moving average price is $2.38 and its 200-day moving average price 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.