Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Short Interest Update

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,958,461 shares, an increase of 54.6% from the July 15th total of 1,266,443 shares. Based on an average daily volume of 3,430 shares, the short-interest ratio is presently 571.0 days.

Kongsberg Gruppen ASA Price Performance

NSKFF opened at $35.00 on Tuesday. The business’s 50 day moving average is $31.07 and its two-hundred day moving average is $35.69. Kongsberg Gruppen ASA has a 52 week low of $22.39 and a 52 week high of $45.00.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NSKFF. Morgan Stanley lowered Kongsberg Gruppen ASA from a “mixed” rating to an “underweight” rating in a report on Tuesday, July 7th. Nordea Equity Research raised Kongsberg Gruppen ASA from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays assumed coverage on Kongsberg Gruppen ASA in a report on Monday, August 10th. They issued an “overweight” rating on the stock. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kongsberg Gruppen ASA currently has an average rating of “Hold”.

Kongsberg Gruppen ASA Company Profile

Kongsberg Gruppen ASA is a Norwegian technology and industrial group specializing in defense, maritime automation, and digitalization solutions. Established in 1814 as Kongsberg Weapons Factory, the company has evolved into a leading supplier of high-technology systems for military and commercial customers. Headquartered in Kongsberg, Norway, it operates through a network of subsidiaries and offices across Europe, North America, Asia and Australia.

In its defense and aerospace division, Kongsberg Gruppen designs and delivers advanced systems such as remote weapon stations, missile systems, command and control solutions, and sensor systems.