Aker Carbon Capture ASA (OTCMKTS:AKCCF) Sees Large Drop in Short Interest

Aker Carbon Capture ASA (OTCMKTS:AKCCF) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 6,975,100 shares, a drop of 8.2% from the December 15th total of 7,602,000 shares. Based on an average daily trading volume, of 72,800 shares, the short-interest ratio is currently 95.8 days.

Aker Carbon Capture ASA Stock Performance

AKCCF opened at $0.54 on Friday. Aker Carbon Capture ASA has a twelve month low of $0.48 and a twelve month high of $1.13. The firm’s 50-day moving average price is $0.54 and its 200 day moving average price is $0.56.

Aker Carbon Capture ASA Company Profile

Aker Carbon Capture ASA provides products, technology, and solutions within the field of carbon capture technologies, utilization, and storage in Norway and internationally. The company’s carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2 that can be applied on emissions from various sources, including gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries.