Short Interest in Carnarvon Energy Limited (OTCMKTS:CVONF) Increases By 88.4%

Carnarvon Energy Limited (OTCMKTS:CVONF) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 8,100 shares, a growth of 88.4% from the September 15th total of 4,300 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 11.6 days.

Carnarvon Energy Price Performance

OTCMKTS:CVONF opened at C$0.10 on Friday. Carnarvon Energy has a fifty-two week low of C$0.09 and a fifty-two week high of C$0.16. The stock’s 50-day moving average is C$0.11 and its two-hundred day moving average is C$0.12.

About Carnarvon Energy

Carnarvon Energy Limited engages in the exploration, development, and production of oil and gas properties in Australia. It is also involved in the renewable fuels business. The company owns various interests in the Dorado, Pavo, Roc, Phoenix, and Phoenix South project located in the Bedout Sub-basin permits of Western Australia.