Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Short Interest Down 52.4% in March

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 151,200 shares, a drop of 52.4% from the March 15th total of 317,700 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 137.5 days.

Kongsberg Gruppen ASA Price Performance

Shares of OTCMKTS NSKFF traded down $1.13 during midday trading on Wednesday, reaching $153.13. The company’s stock had a trading volume of 335 shares, compared to its average volume of 816. The stock has a 50 day simple moving average of $134.64 and a 200-day simple moving average of $117.69. Kongsberg Gruppen ASA has a fifty-two week low of $67.10 and a fifty-two week high of $160.00.

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.