Archer Limited (OTCMKTS:ARHVF) Sees Significant Increase in Short Interest

Archer Limited (OTCMKTS:ARHVF) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,400 shares, a growth of 145.5% from the February 29th total of 2,200 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is presently 1.9 days.

Archer Price Performance

Shares of ARHVF opened at $0.09 on Thursday. The firm has a fifty day moving average price of $0.09 and a 200-day moving average price of $0.08. Archer has a 12-month low of $0.07 and a 12-month high of $0.14.

Archer Company Profile

Archer Limited, an oilfield service company, provides various oilfield products and services to the oil and gas industry. The company operates through two segments, Eastern Hemisphere and Western Hemisphere. It provides oiltools, such as plugs and abandonment (P&A), slot recovery and P&A, cementing, and well cleaning solutions; digital well integrity solutions; land drilling and platform drilling services; mobile offshore drilling unit management services; and modular drilling rigs.