Carnarvon Energy Limited (OTCMKTS:CVONF) Sees Large Decrease in Short Interest

Carnarvon Energy Limited (OTCMKTS:CVONF) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 20,000 shares, a drop of 48.1% from the June 15th total of 38,500 shares. Based on an average daily trading volume, of 77,900 shares, the short-interest ratio is currently 0.3 days.

Carnarvon Energy Price Performance

CVONF remained flat at C$0.14 on Friday. The firm’s 50 day moving average is C$0.13 and its 200-day moving average is C$0.13. Carnarvon Energy has a 52-week low of C$0.08 and a 52-week high of C$0.16.

Carnarvon Energy Company Profile

Carnarvon Energy Limited engages in the exploration, development, and production of oil and gas properties in Australia. It is also involved in the renewable fuels business. The company owns various interests in the Dorado, Pavo, Roc, Phoenix, and Phoenix South project located in the Bedout Sub-basin permits of Western Australia.