Athabasca Oil Co. (OTCMKTS:ATHOF) Short Interest Update

Athabasca Oil Co. (OTCMKTS:ATHOF) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 12,841,100 shares, a decrease of 20.1% from the August 15th total of 16,062,800 shares. Based on an average daily volume of 156,100 shares, the days-to-cover ratio is presently 82.3 days.

Athabasca Oil Price Performance

Shares of Athabasca Oil stock opened at $2.98 on Friday. Athabasca Oil has a 52 week low of $1.37 and a 52 week high of $3.00. The business’s fifty day simple moving average is $2.71 and its 200-day simple moving average is $2.40.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATHOF. BMO Capital Markets lifted their target price on shares of Athabasca Oil from C$3.75 to C$4.00 in a research report on Tuesday, August 1st. Stifel Nicolaus started coverage on Athabasca Oil in a report on Tuesday, September 12th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada boosted their target price on Athabasca Oil from C$3.50 to C$4.00 in a report on Thursday, July 27th.

Athabasca Oil Company Profile

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 operates through Thermal Oil and Light Oil segments. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta.