Short Interest in Athabasca Oil Co. (OTCMKTS:ATHOF) Rises By 11.4%

Athabasca Oil Co. (OTCMKTS:ATHOF) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,846,500 shares, a growth of 11.4% from the November 30th total of 5,248,800 shares. Based on an average trading volume of 167,400 shares, the days-to-cover ratio is currently 34.9 days.

Wall Street Analyst Weigh In

Separately, Raymond James assumed coverage on shares of Athabasca Oil in a research note on Friday, October 18th. They set a “market perform” rating and a $5.50 target price for the company.

Athabasca Oil Stock Up 2.3 %

Shares of ATHOF opened at $3.59 on Tuesday. The firm’s 50 day moving average price is $3.63 and its 200 day moving average price is $3.75. Athabasca Oil has a twelve month low of $2.97 and a twelve month high of $4.19.

About Athabasca Oil

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.