Eco (Atlantic) Oil & Gas Ltd. (OTCMKTS:ECAOF) Sees Significant Decline in Short Interest

Eco (Atlantic) Oil & Gas Ltd. (OTCMKTS:ECAOF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 4,200 shares, a decline of 85.0% from the September 30th total of 28,000 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is currently 0.4 days.

Eco (Atlantic) Oil & Gas Stock Performance

ECAOF traded down $0.01 during trading on Friday, hitting $0.12. The stock had a trading volume of 7,225 shares, compared to its average volume of 39,694. The company has a 50 day moving average price of $0.15 and a 200-day moving average price of $0.15. Eco has a one year low of $0.06 and a one year high of $0.22.

About Eco (Atlantic) Oil & Gas

Eco (Atlantic) Oil & Gas Ltd. engages in the identification, acquisition, exploration, and development of the petroleum, natural gas, and shale gas properties in the Republic of Namibia and the Co-Operative Republic of Guyana. The company holds a 15% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin; and 17.5% interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana.