PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Short Interest Update

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 3,321,700 shares, a drop of 16.7% from the November 30th total of 3,987,000 shares. Based on an average trading volume of 23,800 shares, the days-to-cover ratio is presently 139.6 days.

Analysts Set New Price Targets

Separately, Raymond James assumed coverage on shares of PrairieSky Royalty in a report on Friday, October 18th. They set a “market perform” rating and a $33.00 price objective on the stock.

PrairieSky Royalty Stock Performance

OTCMKTS PREKF traded down $0.17 during mid-day trading on Friday, hitting $19.31. The stock had a trading volume of 3,682 shares, compared to its average volume of 25,291. The company has a 50 day simple moving average of $20.41 and a 200 day simple moving average of $20.11. PrairieSky Royalty has a 52-week low of $15.25 and a 52-week high of $22.00.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.