Is Buying FRED OLSEN ENERGY ASA ORD ORDINARY SHARE (OTCMKTS:FOEAF) Here Good Idea?

The stock of FRED OLSEN ENERGY ASA ORD ORDINARY SHARE (OTCMKTS:FOEAF) registered a decrease of 18.35% in short interest. FOEAF’s total short interest was 967,200 shares in December as published by FINRA. Its down 18.35% from 1.18M shares, reported previously. With 100 shares average volume, it will take short sellers 9672 days to cover their FOEAF’s short positions.

It closed at $0.12 lastly. It is down 0.00% since December 8, 2017 and is . It has underperformed by 15.62% the S&P500.

Fred. Olsen Energy ASA, together with its subsidiaries, provides exploration and development services to the gas and oil industry in Europe, Asia, the Americas, and Africa. The company has market cap of $9.30 million. It operates through two divisions, Offshore Drilling, and Engineering and Fabrication. It currently has negative earnings. The firm offers drilling services to the offshore gas and oil industry; and engineering, fabrication, ship building, and repair services for various offshore and onshore industries.

More notable recent Fred. Olsen Energy ASA (OTCMKTS:FOEAF) news were published by: Seekingalpha.com which released: “Fred Olsen Energy ASA ADR 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on July 12, 2018, also Seekingalpha.com with their article: “Fred Olsen Is A Buy At These Levels – Seeking Alpha” published on August 12, 2014, Seekingalpha.com published: “Awilco Drilling – Building For The Next North Sea Drilling Boom – Seeking Alpha” on April 24, 2018. More interesting news about Fred. Olsen Energy ASA (OTCMKTS:FOEAF) were released by: Seekingalpha.com and their article: “Fred Olsen Energy ASA ADR 2017 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 12, 2018 as well as Seekingalpha.com‘s news article titled: “Fred Olsen Energy: Beaten Down, But Not Dead – Seeking Alpha” with publication date: August 21, 2017.

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