Archer Limited (OTCMKTS:ARHVF) Short Interest Up 8,100.0% in July

Archer Limited (OTCMKTS:ARHVF) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 8,200 shares, agrowthof8,100.0% from the July 15th total of 100 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 5.9 days. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 5.9 days.

Archer Price Performance

OTCMKTS ARHVF opened at $2.15 on Friday. Archer has a 12-month low of $1.63 and a 12-month high of $2.60. The firm has a 50-day moving average price of $2.28 and a two-hundred day moving average price of $2.23.

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.