Short Interest in Discovery Energy Corp. (OTCMKTS:DENR) Increases By 450.0%

Discovery Energy Corp. (OTCMKTS:DENR – Get Rating) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 3,300 shares, a growth of 450.0% from the April 15th total of 600 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is presently 2.8 days.

Shares of OTCMKTS DENR traded down $0.04 during trading on Thursday, hitting $0.11. The company had a trading volume of 2,500 shares, compared to its average volume of 2,539. The stock has a 50 day simple moving average of $0.11 and a 200 day simple moving average of $0.11. Discovery Energy has a 12 month low of $0.01 and a 12 month high of $0.17.

Discovery Energy Company Profile (Get Rating)

Discovery Energy Corp., an exploration stage company, engages in the exploration and development of oil and gas properties. It holds a 100% working interest in the petroleum exploration license 512 prospect covering an area of 584,651 gross acres located in South Australia. The company was formerly known as Santos Resource Corp.

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