Short Interest in Athabasca Oil Co. (OTCMKTS:ATHOF) Declines By 5.9%

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

Wall Street Analyst Weigh In

Separately, Raymond James started coverage on Athabasca Oil in a research report on Friday, October 18th. They issued a “market perform” rating and a $5.50 price objective for the company.

Athabasca Oil Trading Up 0.3 %

Shares of ATHOF traded up $0.01 during midday trading on Monday, hitting $3.50. 51,100 shares of the stock were exchanged, compared to its average volume of 335,636. Athabasca Oil has a 52-week low of $2.82 and a 52-week high of $4.19. The stock has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $3.76.

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.