Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF) Short Interest Update

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYFGet Rating) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 544,900 shares, a decline of 32.3% from the April 15th total of 805,100 shares. Based on an average daily trading volume, of 356,200 shares, the days-to-cover ratio is currently 1.5 days.

A number of analysts have recently weighed in on the stock. National Bank Financial boosted their price objective on shares of Tamarack Valley Energy from C$7.00 to C$8.00 in a research note on Thursday, April 14th. Raymond James boosted their price objective on shares of Tamarack Valley Energy from C$7.00 to C$7.25 in a research note on Friday, April 22nd. Royal Bank of Canada boosted their price objective on shares of Tamarack Valley Energy from C$7.00 to C$7.50 in a research note on Friday, April 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Tamarack Valley Energy from C$6.50 to C$7.50 in a research note on Monday, March 7th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $6.22.

OTCMKTS:TNEYF opened at $3.52 on Friday. Tamarack Valley Energy has a one year low of $1.61 and a one year high of $4.74. The company has a fifty day moving average price of $3.96 and a 200 day moving average price of $3.54.

About Tamarack Valley Energy (Get Rating)

Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in the Clearwater assets covering an area of approximately 357 sections of land located in Alberta; Charlie Lake assets covering approximately 357 sections of land in the northwestern area of Alberta; Viking light oil play in central and southern Alberta and west central Saskatchewan; Barons Sand oil play in the Penny area of southern Alberta; and heavy oil properties.

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