Short Interest in Rockhopper Exploration plc (OTCMKTS:RCKHF) Declines By 67.4%

Rockhopper Exploration plc (OTCMKTS:RCKHF) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,800 shares, a drop of 67.4% from the April 30th total of 5,515 shares. Based on an average daily trading volume, of 13,189 shares, the short-interest ratio is currently 0.1 days.

Rockhopper Exploration Stock Performance

RCKHF opened at $1.17 on Friday. Rockhopper Exploration has a 52 week low of $0.61 and a 52 week high of $1.35. The business has a fifty day simple moving average of $1.09 and a 200-day simple moving average of $1.02.

Rockhopper Exploration Company Profile

Rockhopper Exploration plc is a UK‐based oil and gas exploration and development company incorporated in 2004 and headquartered in London. The company focuses on identifying and appraising hydrocarbon resources in frontier offshore basins, with a strategic emphasis on the North Falkland Basin. In the United States, its American depositary shares trade on the OTC Markets under the ticker RCKHF.

Rockhopper holds interests in multiple exploration licenses in the North Falkland Basin, where its flagship asset is the Sea Lion oil field.