Athabasca Oil Co. (OTCMKTS:ATHOF) Sees Significant Growth in Short Interest

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

Athabasca Oil Trading Up 2.3 %

Shares of ATHOF stock opened at $3.59 on Tuesday. Athabasca Oil has a 12 month low of $2.97 and a 12 month high of $4.19. The company’s fifty day moving average price is $3.63 and its two-hundred day moving average price is $3.75.

Wall Street Analysts Forecast Growth

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

Athabasca Oil Company Profile

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.