Pipestone Energy Corp. (OTCMKTS:BKBEF) Sees Large Growth in Short Interest

Pipestone Energy Corp. (OTCMKTS:BKBEF) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 22,900 shares, a growth of 2,190.0% from the September 15th total of 1,000 shares. Based on an average daily volume of 26,800 shares, the days-to-cover ratio is currently 0.9 days.

BKBEF opened at $2.16 on Thursday. Pipestone Energy has a fifty-two week low of $0.38 and a fifty-two week high of $2.28. The company’s 50-day moving average is $1.72 and its 200 day moving average is $1.56.

A number of equities analysts have recently issued reports on BKBEF shares. National Bank Financial increased their price objective on shares of Pipestone Energy from C$3.25 to C$4.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 29th. Raymond James increased their price objective on shares of Pipestone Energy from C$2.50 to C$2.75 and gave the stock an “outperform” rating in a research report on Thursday, August 12th.

Pipestone Energy Company Profile

Pipestone Energy Corp. is an oil and gas exploration and production company, which focuses on developing its condensate assets in the Pipestone area of Alberta. The company was founded on January 4, 2019 and is headquartered in Calgary, Canada.

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