Short Interest in Yangarra Resources Ltd. (OTCMKTS:YGRAF) Increases By 20.8%

Yangarra Resources Ltd. (OTCMKTS:YGRAFGet Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 67,500 shares, a growth of 20.8% from the April 15th total of 55,900 shares. Based on an average daily volume of 120,700 shares, the days-to-cover ratio is currently 0.6 days.

A number of brokerages have recently issued reports on YGRAF. Raymond James cut their price target on shares of Yangarra Resources from C$3.25 to C$3.00 in a report on Thursday, February 3rd. National Bank Financial raised their price target on shares of Yangarra Resources from C$2.50 to C$3.50 in a report on Thursday, April 14th.

Shares of OTCMKTS YGRAF opened at $2.50 on Wednesday. The company has a 50 day simple moving average of $2.20 and a 200-day simple moving average of $1.66. Yangarra Resources has a 1 year low of $0.82 and a 1 year high of $2.66.

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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