Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Short Interest Update

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 317,700 shares, a growth of 118.1% from the February 28th total of 145,700 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is currently 138.1 days.

Kongsberg Gruppen ASA Price Performance

NSKFF stock traded up $0.89 during midday trading on Friday, hitting $147.00. The stock had a trading volume of 116 shares, compared to its average volume of 841. The business has a fifty day moving average price of $125.11 and a two-hundred day moving average price of $113.30. Kongsberg Gruppen ASA has a 1-year low of $67.10 and a 1-year high of $160.00.

About Kongsberg Gruppen ASA

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.