Royale Energy Inc. (OTCMKTS:ROYL) Short Interest Up 102,640.0% in March

Royale Energy Inc. (OTCMKTS:ROYL) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 5,137 shares, a growth of 102,640.0% from the March 15th total of 5 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 191,815 shares, the short-interest ratio is presently 0.0 days.

Royale Energy Stock Down 9.8%

Shares of OTCMKTS ROYL opened at $0.08 on Friday. The firm has a 50-day simple moving average of $0.07 and a 200-day simple moving average of $0.05. The stock has a market capitalization of $7.97 million, a price-to-earnings ratio of -2.75 and a beta of -0.78. Royale Energy has a 52 week low of $0.02 and a 52 week high of $0.19.

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.