Short Interest in Athabasca Oil Co. (OTCMKTS:ATHOF) Grows By 84.4%

Athabasca Oil Co. (OTCMKTS:ATHOF – Get Rating) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 17,762,500 shares, an increase of 84.4% from the April 30th total of 9,630,600 shares. Based on an average trading volume of 177,900 shares, the short-interest ratio is currently 99.8 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their price objective on shares of Athabasca Oil from C$3.00 to C$3.50 in a research note on Thursday, March 2nd.

Athabasca Oil Price Performance

OTCMKTS:ATHOF traded down $0.02 during mid-day trading on Friday, hitting $2.13. 43,199 shares of the stock traded hands, compared to its average volume of 183,771. The business’s 50-day moving average price is $2.31 and its 200 day moving average price is $2.07. Athabasca Oil has a 12-month low of $1.37 and a 12-month high of $2.74.

Athabasca Oil Company Profile

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Athabasca Oil Corp. is an exploration and production company, which engages in the development of thermal and light oil assets. It operates through the Thermal Oil and Light Oil division. The Light Oil division includes the production of oil and liquids-rich natural gas from unconventional reservoirs .