Jericho Energy Ventures Inc. (OTCMKTS:JROOF) Sees Large Increase in Short Interest

Jericho Energy Ventures Inc. (OTCMKTS:JROOFGet Rating) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 4,700 shares, a growth of 4,600.0% from the April 15th total of 100 shares. Based on an average daily volume of 25,400 shares, the days-to-cover ratio is currently 0.2 days.

JROOF stock traded down 0.05 during midday trading on Wednesday, reaching 0.29. The stock had a trading volume of 31,400 shares, compared to its average volume of 49,427. Jericho Energy Ventures has a 52-week low of 0.28 and a 52-week high of 0.80. The company’s fifty day simple moving average is 0.41 and its 200 day simple moving average is 0.48.

About Jericho Energy Ventures (Get Rating)

Jericho Energy Ventures Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas fields in the United States. It also invests in hydrogen technologies, energy storage, carbon capture, and new energy systems. The company was formerly known as Jericho Oil Corporation and changed its name to Jericho Energy Ventures Inc in March 2021.

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