Africa Oil Corp. (OTCMKTS:AOIFF) Short Interest Down 23.5% in September

Africa Oil Corp. (OTCMKTS:AOIFF) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 4,134,800 shares, a decrease of 23.5% from the September 15th total of 5,407,500 shares. Based on an average trading volume of 220,700 shares, the days-to-cover ratio is currently 18.7 days.

Africa Oil Stock Up 0.8 %

AOIFF opened at $1.33 on Friday. The stock has a market cap of $593.55 million, a PE ratio of 9.50 and a beta of 1.00. Africa Oil has a 52 week low of $1.28 and a 52 week high of $2.00. The business’s fifty day simple moving average is $1.42 and its 200 day simple moving average is $1.66.

Africa Oil Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 9th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, September 9th. Africa Oil’s dividend payout ratio (DPR) is currently 35.71%.

About Africa Oil

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.