Africa Oil Corp. (OTCMKTS:AOIFF) Short Interest Up 10.3% in June

Africa Oil Corp. (OTCMKTS:AOIFF) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 3,275,900 shares, a growth of 10.3% from the June 15th total of 2,969,800 shares. Based on an average daily volume of 155,100 shares, the short-interest ratio is presently 21.1 days.

Africa Oil Price Performance

AOIFF stock opened at $1.77 on Thursday. The business has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $1.77. The firm has a market capitalization of $789.92 million, a PE ratio of 12.64 and a beta of 1.02. Africa Oil has a 1 year low of $1.43 and a 1 year high of $2.48.

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

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.