Athabasca Oil Co. (OTCMKTS:ATHOF) Short Interest Down 5.9% in November

Athabasca Oil Co. (OTCMKTS:ATHOF) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 5,248,800 shares, a decline of 5.9% from the November 15th total of 5,579,600 shares. Based on an average daily trading volume, of 395,300 shares, the short-interest ratio is presently 13.3 days.

Wall Street Analysts Forecast Growth

Separately, Raymond James assumed coverage on shares of Athabasca Oil in a research report on Friday, October 18th. They set a “market perform” rating and a $5.50 price target on the stock.

Athabasca Oil Stock Performance

ATHOF stock opened at $3.44 on Wednesday. Athabasca Oil has a twelve month low of $2.83 and a twelve month high of $4.19. The business has a 50 day moving average price of $3.68 and a two-hundred day moving average price of $3.76.

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.