Is AKER BP ASA ORDINARY SHARES (OTCMKTS:DETNF) a Buy? The Stock Reported more Sellers

October 2, 2018 - By Marie Mckinney

Aker BP ASA (OTCMKTS:DETNF) Logo

The stock of AKER BP ASA ORDINARY SHARES (OTCMKTS:DETNF) registered an increase of 6.12% in short interest. DETNF’s total short interest was 308,600 shares in October as published by FINRA. Its up 6.12% from 290,800 shares, reported previously. With 500 shares average volume, it will take short sellers 617 days to cover their DETNF’s short positions.

The stock decreased 20.61% or $8.73 during the last trading session, reaching $33.61. About shares traded. Aker BP ASA (OTCMKTS:DETNF) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Aker BP ASA engages in the exploration, development, and production of gas and oil on the Norwegian Continental Shelf. The company has market cap of $14.91 billion. As of December 31, 2017, it had working interests in 28 fields/projects containing estimated total net proven reserves of 692 million barrels of oil equivalents; and estimated total net proven plus probable reserves of 914 million barrels of oil equivalents. It has a 26.63 P/E ratio. The firm was formerly known as Det norske oljeselskap ASA and changed its name to Aker BP ASA in October 2016.

Another recent and important Aker BP ASA (OTCMKTS:DETNF) news was published by Seekingalpha.com which published an article titled: “Aker BP: Another Johan Sverdrup Oilfield Beneficiary” on September 25, 2018.

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