PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Short Interest Down 18.2% in October

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 4,367,900 shares, a decline of 18.2% from the September 30th total of 5,340,100 shares. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is currently 115.2 days.

Wall Street Analyst Weigh In

Separately, Raymond James assumed coverage on shares of PrairieSky Royalty in a research report on Friday, October 18th. They set a “market perform” rating and a $33.00 price objective on the stock.

PrairieSky Royalty Trading Down 1.2 %

Shares of OTCMKTS:PREKF opened at $20.11 on Monday. PrairieSky Royalty has a 1 year low of $15.25 and a 1 year high of $21.78. The business has a fifty day simple moving average of $20.26 and a 200 day simple moving average of $19.79.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.