What’s Ahead for ATHABASCA OIL CORPORATION ORDINARY SHARE (OTCMKTS:ATHOF) After More Shorted Shares?

November 10, 2018 - By Adrian Mccoy

Athabasca Oil Corporation (OTCMKTS:ATHOF) Logo

The stock of ATHABASCA OIL CORPORATION ORDINARY SHARE (OTCMKTS:ATHOF) registered an increase of 8.32% in short interest. ATHOF’s total short interest was 14.07M shares in November as published by FINRA. Its up 8.32% from 12.99 million shares, reported previously. With 82,400 shares average volume, it will take short sellers 171 days to cover their ATHOF’s short positions.

The stock decreased 10.94% or $0.1022 during the last trading session, reaching $0.8321. About 32,525 shares traded. Athabasca Oil Corporation (OTCMKTS:ATHOF) has 0.00% since November 10, 2017 and is . It has underperformed by 15.62% the S&P500.

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company has market cap of $433.20 million. The firm operates in Light Oil and Thermal Oil divisions. It currently has negative earnings. The Company’s principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Hangingstone asset in northeastern Alberta.

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