Africa Oil Corp. (OTCMKTS:AOIFF) Sees Large Growth in Short Interest

Africa Oil Corp. (OTCMKTS:AOIFF) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 2,362,500 shares, a growth of 6.0% from the March 31st total of 2,228,800 shares. Based on an average daily volume of 126,000 shares, the short-interest ratio is currently 18.8 days.

Africa Oil Stock Performance

OTCMKTS:AOIFF opened at $1.77 on Thursday. The business has a 50 day moving average price of $1.71 and a 200-day moving average price of $1.81. Africa Oil has a fifty-two week low of $1.43 and a fifty-two week high of $2.48. The firm has a market cap of $813.11 million, a PE ratio of 9.83 and a beta of 1.04.

Africa Oil (OTCMKTS:AOIFF) last issued its quarterly earnings data on Monday, February 26th. The energy company reported ($0.20) EPS for the quarter.

Africa Oil Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, March 7th. This represents a yield of 3.18%. Africa Oil’s dividend payout ratio is 27.78%.

Africa Oil Company Profile

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.