Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Short Interest Up 301.2% in November

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 374,300 shares, a growth of 301.2% from the November 15th total of 93,300 shares. Based on an average trading volume of 74,300 shares, the days-to-cover ratio is presently 5.0 days.

Shelf Drilling Stock Performance

Shares of SHLLF stock remained flat at $0.95 on Wednesday. Shelf Drilling has a fifty-two week low of $0.74 and a fifty-two week high of $3.50. The firm’s 50-day moving average is $1.35 and its 200-day moving average is $1.72.

About Shelf Drilling

Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells, and associated services using the rigs of the company’s owned fleet and related equipment.