Athabasca Oil Co. (OTCMKTS:ATHOF – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 9,323,800 shares, a growth of 5.1% from the May 31st total of 8,867,200 shares. Based on an average trading volume of 772,200 shares, the days-to-cover ratio is presently 12.1 days.
Athabasca Oil Stock Up 2.4 %
ATHOF opened at $3.91 on Wednesday. Athabasca Oil has a 52-week low of $2.12 and a 52-week high of $4.08. The firm’s fifty day simple moving average is $3.62 and its two-hundred day simple moving average is $3.53.
Analysts Set New Price Targets
Separately, BMO Capital Markets reiterated an “outperform” rating and issued a $6.50 price objective on shares of Athabasca Oil in a research note on Monday, April 8th.
Athabasca Oil Company Profile
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.
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