Archer Limited (OTCMKTS:ARHVF) Short Interest Update

Archer Limited (OTCMKTS:ARHVF) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 200 shares, a growth of 100.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 1.0 days.

Archer Price Performance

OTCMKTS ARHVF opened at $2.43 on Wednesday. The stock’s 50-day moving average price is $2.19 and its 200-day moving average price is $2.24. Archer has a 52 week low of $1.75 and a 52 week high of $3.00.

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.