Short Interest in CAMAC Energy Drops By 0.6% (CAK)
CAMAC Energy (NYSE:CAK) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 11,318,385 shares, a decline of 0.6% from the July 31st total of 11,385,635 shares, Stock Ratings Network reports. Currently, 7.3% of the company’s stock are short sold. Based on an average daily trading volume, of 261,851 shares, the short-interest ratio is currently 43.2 days.
CAMAC Energy (NYSE:CAK) opened at 0.70 on Thursday. CAMAC Energy has a 1-year low of $0.267 and a 1-year high of $0.91. The stock has a 50-day moving average of $0.65 and a 200-day moving average of $0.69. The company’s market cap is $883.1 million.
CAMAC Energy (NYSE:CAK) last announced its earnings results on Monday, August 11th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $14.94 million for the quarter, compared to the consensus estimate of $20.01 million.
CAMAC Energy Inc (NYSE:CAK) is engaged in the exploration, development, and production of oil and gas outside the United States, directly and through joint ventures.
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