Athabasca Oil Co. (OTCMKTS:ATHOF) Short Interest Down 66.8% in April

Athabasca Oil Co. (OTCMKTS:ATHOFGet Rating) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 1,632,500 shares, a decrease of 66.8% from the April 15th total of 4,910,700 shares. Based on an average daily volume of 715,900 shares, the days-to-cover ratio is presently 2.3 days.

Shares of OTCMKTS ATHOF opened at $1.79 on Thursday. Athabasca Oil has a fifty-two week low of $0.51 and a fifty-two week high of $2.28. The stock’s 50-day simple moving average is $1.80 and its 200-day simple moving average is $1.31.

A number of equities analysts have recently weighed in on ATHOF shares. BMO Capital Markets increased their price target on Athabasca Oil from C$1.50 to C$2.25 in a report on Thursday, March 3rd. Royal Bank of Canada increased their price target on Athabasca Oil from C$1.75 to C$2.50 in a research report on Thursday, March 3rd.

Athabasca Oil Company Profile (Get Rating)

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates through Thermal Oil and Light Oil segments. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta.

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