NuVista Energy Ltd. (OTCMKTS:NUVSF) Sees Significant Increase in Short Interest

NuVista Energy Ltd. (OTCMKTS:NUVSF) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,901,100 shares, a growth of 27.9% from the March 15th total of 3,051,300 shares. Based on an average trading volume of 326,900 shares, the days-to-cover ratio is currently 11.9 days.

Analyst Upgrades and Downgrades

Separately, ATB Capital raised NuVista Energy to an “outperform” rating in a report on Tuesday, March 25th.

NuVista Energy Stock Up 3.1 %

NuVista Energy stock traded up $0.27 during trading hours on Friday, hitting $8.87. 362,890 shares of the company traded hands, compared to its average volume of 170,650. The firm’s 50-day simple moving average is $8.60 and its two-hundred day simple moving average is $8.86. NuVista Energy has a 1-year low of $7.38 and a 1-year high of $10.85.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.