Short Interest in Yangarra Resources Ltd. (OTCMKTS:YGRAF) Grows By 22.9%

Yangarra Resources Ltd. (OTCMKTS:YGRAFGet Rating) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 55,900 shares, a growth of 22.9% from the March 31st total of 45,500 shares. Based on an average trading volume of 108,800 shares, the short-interest ratio is currently 0.5 days.

Yangarra Resources stock opened at $2.35 on Tuesday. The stock has a 50-day moving average of $2.05 and a two-hundred day moving average of $1.60. Yangarra Resources has a one year low of $0.82 and a one year high of $2.52.

Several analysts have recently issued reports on the company. Raymond James decreased their price objective on Yangarra Resources from C$3.25 to C$3.00 in a report on Thursday, February 3rd. National Bank Financial upped their price objective on Yangarra Resources from C$2.50 to C$3.50 in a research report on Thursday, April 14th.

About Yangarra Resources (Get Rating)

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Western Canada. As of February 1, 2022, it had proved plus probable reserves of 141.2 million barrels of oil equivalent. The company is headquartered in Calgary, Canada.

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