Short Interest in Athabasca Oil Co. (OTCMKTS:ATHOF) Decreases By 25.9%

Athabasca Oil Co. (OTCMKTS:ATHOF) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 5,579,600 shares, a drop of 25.9% from the October 31st total of 7,528,800 shares. Based on an average daily trading volume, of 242,100 shares, the days-to-cover ratio is currently 23.0 days.

Athabasca Oil Trading Down 0.8 %

Athabasca Oil stock traded down $0.03 during mid-day trading on Friday, hitting $3.66. 34,831 shares of the company’s stock traded hands, compared to its average volume of 345,793. Athabasca Oil has a fifty-two week low of $2.46 and a fifty-two week high of $4.19. The firm has a 50 day simple moving average of $3.70 and a two-hundred day simple moving average of $3.76.

Analyst Ratings Changes

Separately, Raymond James initiated coverage on shares of Athabasca Oil in a research note on Friday, October 18th. They issued a “market perform” rating and a $5.50 target price for the company.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.