Short Interest in Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Increases By 29.5%

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 68,400 shares, a growth of 29.5% from the August 31st total of 52,800 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 228.0 days.

Kongsberg Gruppen ASA Trading Up 0.5 %

OTCMKTS NSKFF traded up $0.53 on Friday, hitting $98.41. 752 shares of the stock traded hands, compared to its average volume of 789. The stock has a 50-day moving average of $100.20 and a 200 day moving average of $85.18. Kongsberg Gruppen ASA has a twelve month low of $41.85 and a twelve month high of $109.00.

About Kongsberg Gruppen ASA

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. The Kongsberg Maritime segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels.