Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Sees Significant Increase in Short Interest

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 479,400 shares, a growth of 109.0% from the September 15th total of 229,400 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is currently 282.0 days.

Shelf Drilling Stock Performance

Shares of SHLLF remained flat at $1.65 on Friday. The stock’s 50 day simple moving average is $1.70 and its 200-day simple moving average is $1.90. Shelf Drilling has a 52 week low of $1.40 and a 52 week high of $3.50.

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.