Athabasca Oil Co. (OTCMKTS:ATHOF) Short Interest Down 25.9% in November

Athabasca Oil Co. (OTCMKTS:ATHOF) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 5,579,600 shares, a drop of 25.9% from the October 31st total of 7,528,800 shares. Based on an average daily trading volume, of 242,100 shares, the days-to-cover ratio is presently 23.0 days.

Athabasca Oil Stock Performance

OTCMKTS ATHOF opened at $3.65 on Friday. Athabasca Oil has a 12 month low of $2.46 and a 12 month high of $4.19. The company’s 50 day moving average is $3.70 and its two-hundred day moving average is $3.76.

Wall Street Analysts Forecast Growth

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

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.