Africa Oil Corp. (OTCMKTS:AOIFF) Short Interest Up 36.7% in September

Africa Oil Corp. (OTCMKTS:AOIFF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 5,407,500 shares, a growth of 36.7% from the August 31st total of 3,954,300 shares. Based on an average trading volume of 242,900 shares, the days-to-cover ratio is currently 22.3 days.

Africa Oil Stock Performance

Shares of AOIFF traded up $0.02 during trading hours on Friday, hitting $1.30. The company had a trading volume of 116,006 shares, compared to its average volume of 110,159. Africa Oil has a 52-week low of $1.28 and a 52-week high of $2.06. The firm has a fifty day moving average price of $1.50 and a 200-day moving average price of $1.68. The stock has a market capitalization of $578.60 million, a price-to-earnings ratio of 9.26 and a beta of 1.00.

Africa Oil Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 9th were issued a dividend of $0.025 per share. The ex-dividend date was Monday, September 9th. Africa Oil’s payout ratio is 35.71%.

Africa Oil Company Profile

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.