ARCHER LTD. ORDINARY SHARES BERMUDA (OTCMKTS:ARHVF)’s Trend Unknown, Especially After Increased Shorts

September 16, 2018 - By Mary Kidd

Archer Limited (OTCMKTS:ARHVF) Logo

The stock of ARCHER LTD. ORDINARY SHARES BERMUDA (OTCMKTS:ARHVF) registered an increase of 2750% in short interest. ARHVF’s total short interest was 85,500 shares in September as published by FINRA. Its up 2750% from 3,000 shares, reported previously. With 2,800 shares average volume, it will take short sellers 31 days to cover their ARHVF’s short positions.

It closed at $0.844 lastly. It is down 0.00% since September 16, 2017 and is . It has underperformed by 15.62% the S&P500.

Archer Limited, an oilfield service company, provides various oilfield services and products to the gas and oil industry. The company has market cap of $122.66 million. The firm provides cementing technology and tools, plug and abandonment solutions, perforating services, casing exit services, well cleaning, and integrity testing services; land drilling and platform drilling services; and modular drilling rigs. It currently has negative earnings. It also offers engineering services, such as project management, risk management, and survey and inspection; intervention and diagnostic services; and wireline-deployed cased hole services, such as basic slickline interventions, perforating and conventional production and reservoir logging, mechanical interventions, wellbore imaging, and advanced well integrity diagnostics services.

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