Carnarvon Energy Limited (OTCMKTS:CVONF) Sees Large Decline in Short Interest

Carnarvon Energy Limited (OTCMKTS:CVONF) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 20,000 shares, a decrease of 48.1% from the June 15th total of 38,500 shares. Based on an average trading volume of 77,900 shares, the short-interest ratio is presently 0.3 days.

Carnarvon Energy Stock Performance

CVONF remained flat at C$0.14 on Friday. Carnarvon Energy has a 52-week low of C$0.08 and a 52-week high of C$0.16. The firm has a 50 day moving average of C$0.13 and a 200-day moving average of C$0.13.

About Carnarvon Energy

Carnarvon Energy Limited engages in the exploration, development, and production of oil and gas properties in Australia. It is also involved in the renewable fuels business. The company owns various interests in the Dorado, Pavo, Roc, Phoenix, and Phoenix South project located in the Bedout Sub-basin permits of Western Australia.