Journey Energy Inc. (OTCMKTS:JRNGF) Short Interest Update

Journey Energy Inc. (OTCMKTS:JRNGF) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,408,766 shares, a growth of 67.8% from the April 30th total of 839,393 shares. Based on an average trading volume of 478,911 shares, the short-interest ratio is currently 2.9 days.

Journey Energy Stock Performance

OTCMKTS JRNGF traded up $0.06 during trading hours on Wednesday, hitting $4.42. The company had a trading volume of 51,322 shares, compared to its average volume of 122,420. Journey Energy has a 1-year low of $1.29 and a 1-year high of $4.99. The business has a 50 day moving average of $4.08 and a 200-day moving average of $3.19.

About Journey Energy

Journey Energy Inc (OTCMKTS:JRNGF) is an upstream oil and gas company headquartered in Calgary, Alberta. The company is primarily engaged in the exploration, development and production of natural gas, light crude oil and natural gas liquids in Western Canada. Through its portfolio of assets, Journey Energy focuses on value-driven growth by applying modern drilling and completion techniques to both conventional and unconventional reservoirs.

Journey Energy’s operations are concentrated in key resource plays such as the Montney and Duvernay formations in northeastern British Columbia and Alberta, as well as the Mannville and Cardium intervals in Alberta and Saskatchewan.