Short Interest in Athabasca Oil Co. (OTCMKTS:ATHOF) Rises By 20.4%

Athabasca Oil Co. (OTCMKTS:ATHOF) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 9,258,500 shares, a growth of 20.4% from the March 31st total of 7,690,400 shares. Based on an average trading volume of 521,600 shares, the days-to-cover ratio is presently 17.8 days.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued an “outperform” rating and issued a $6.50 target price on shares of Athabasca Oil in a report on Monday, April 8th.

Athabasca Oil Stock Performance

ATHOF stock opened at $3.64 on Tuesday. Athabasca Oil has a 1-year low of $1.94 and a 1-year high of $4.08. The business has a 50 day simple moving average of $3.75 and a two-hundred day simple moving average of $3.30.

Athabasca Oil Company Profile

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