Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Sees Large Growth in Short Interest

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 17,100 shares, a growth of 41.3% from the March 31st total of 12,100 shares. Based on an average daily volume of 11,100 shares, the days-to-cover ratio is presently 1.5 days.

Shelf Drilling Price Performance

Shares of SHLLF opened at $0.48 on Friday. The company’s fifty day moving average price is $0.60 and its 200-day moving average price is $0.88. Shelf Drilling has a 1-year low of $0.45 and a 1-year high of $2.20.

About Shelf Drilling

Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells, and associated services using the rigs of the company’s owned fleet and related equipment.