Royale Energy Inc. (OTCMKTS:ROYL) Sees Large Decline in Short Interest

Royale Energy Inc. (OTCMKTS:ROYL) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 5 shares, a drop of 99.9% from the February 26th total of 3,980 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 278,826 shares, the days-to-cover ratio is presently 0.0 days.

Royale Energy Trading Down 2.7%

Shares of OTCMKTS ROYL opened at $0.08 on Thursday. Royale Energy has a 12-month low of $0.02 and a 12-month high of $0.19. The firm has a market capitalization of $8.06 million, a price-to-earnings ratio of -2.78 and a beta of -0.76. The firm has a 50 day moving average of $0.05 and a 200 day moving average of $0.04.

About Royale Energy

Royale Energy Corp. (OTCMKTS: ROYL) is an independent oil and gas exploration and production company focused on the acquisition, development and operation of onshore hydrocarbon properties in the western United States.

The company’s asset portfolio includes producing oil and gas fields in California’s Bakersfield and Santa Maria basins, alongside exploration and appraisal acreage in Utah and Nevada. Royale Energy’s activities span drilling, completion and production optimization, employing both conventional well stimulation and modern recovery techniques.