Short Interest in Africa Oil Corp. (OTCMKTS:AOIFF) Expands By 6.0%

Africa Oil Corp. (OTCMKTS:AOIFF) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,969,800 shares, an increase of 6.0% from the May 31st total of 2,800,500 shares. Based on an average trading volume of 127,100 shares, the days-to-cover ratio is presently 23.4 days.

Africa Oil Price Performance

Shares of AOIFF stock opened at $1.89 on Friday. The firm’s 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.78. Africa Oil has a 1-year low of $1.43 and a 1-year high of $2.48. The firm has a market cap of $843.46 million, a P/E ratio of 13.50 and a beta of 1.02.

Africa Oil (OTCMKTS:AOIFF) last posted its quarterly earnings results on Wednesday, May 15th. The energy company reported $0.01 earnings per share for the quarter.

About Africa Oil

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.