Short Interest in Athabasca Oil Co. (OTCMKTS:ATHOF) Rises By 20.4%

Athabasca Oil Co. (OTCMKTS:ATHOF) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 9,258,500 shares, an increase of 20.4% from the March 31st total of 7,690,400 shares. Based on an average daily volume of 521,600 shares, the days-to-cover ratio is presently 17.8 days.

Athabasca Oil Stock Down 1.5 %

Shares of Athabasca Oil stock opened at $3.64 on Tuesday. Athabasca Oil has a 1-year low of $1.94 and a 1-year high of $4.08. The firm’s 50-day moving average price is $3.75 and its two-hundred day moving average price is $3.30.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating and issued a $6.50 target price on shares of Athabasca Oil in a research note on Monday, April 8th.

Athabasca Oil Company Profile

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.