Short Interest in Athabasca Oil Co. (OTCMKTS:ATHOF) Declines By 15.2%

Athabasca Oil Co. (OTCMKTS:ATHOF) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 16,062,800 shares, a drop of 15.2% from the July 31st total of 18,944,700 shares. Based on an average trading volume of 483,000 shares, the days-to-cover ratio is currently 33.3 days.

Athabasca Oil Trading Up 2.2 %

Shares of ATHOF opened at $2.76 on Thursday. The stock has a fifty day moving average price of $2.52 and a 200-day moving average price of $2.34. Athabasca Oil has a 12 month low of $1.37 and a 12 month high of $2.88.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATHOF. Royal Bank of Canada increased their price objective on Athabasca Oil from C$3.50 to C$4.00 in a report on Thursday, July 27th. BMO Capital Markets increased their price objective on Athabasca Oil from C$3.75 to C$4.00 in a report on Tuesday, August 1st.

About Athabasca Oil

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.