Short Interest in Kelt Exploration Ltd. (OTCMKTS:KELTF) Declines By 15.3%

Kelt Exploration Ltd. (OTCMKTS:KELTF) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 3,053,400 shares, a drop of 15.3% from the July 15th total of 3,605,500 shares. Based on an average daily trading volume, of 21,400 shares, the days-to-cover ratio is currently 142.7 days.

Kelt Exploration Price Performance

KELTF stock traded down $0.03 during trading on Friday, reaching $4.57. 43,046 shares of the stock traded hands, compared to its average volume of 21,447. The business’s 50 day moving average price is $4.39 and its 200-day moving average price is $4.38. Kelt Exploration has a 52-week low of $3.65 and a 52-week high of $5.95.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.