Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Sees Significant Increase in Short Interest

Kongsberg Gruppen ASA (OTCMKTS:NSKFFGet Rating) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 21,100 shares, an increase of 35.3% from the March 15th total of 15,600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 211.0 days.

OTCMKTS:NSKFF remained flat at $$43.36 during mid-day trading on Tuesday. The firm has a 50 day simple moving average of $37.38 and a 200-day simple moving average of $33.40. Kongsberg Gruppen ASA has a 12 month low of $24.30 and a 12 month high of $43.36.

About Kongsberg Gruppen ASA (Get Rating)

Kongsberg Gruppen ASA engages in delivering technology systems and solutions to clients within the oil and gas industry, merchant marine, defence, and aerospace. It operates through the following segments: Kongsberg Maritime, Kongsberg Defence and Aerospace, and Other. The Kongsberg Maritime segment develops and delivers positioning, surveillance, navigation, and automation systems for merchant vessels and the offshore industry.

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