Short Interest in Archer Limited (OTCMKTS:ARHVF) Declines By 18.5%

Archer Limited (OTCMKTS:ARHVF) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 4,400 shares, a decline of 18.5% from the March 15th total of 5,400 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 22.0 days.

Archer Stock Down 16.4 %

Shares of ARHVF opened at $0.09 on Monday. The stock’s fifty day simple moving average is $0.10 and its 200 day simple moving average is $0.08. Archer has a twelve month low of $0.07 and a twelve month high of $0.14.

Archer Company Profile

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.