The Reserve Petroleum Company (OTCMKTS:RSRV) Sees Significant Growth in Short Interest

The Reserve Petroleum Company (OTCMKTS:RSRV) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 2 shares, a growth of ∞ from the July 15th total of 0 shares. Based on an average daily trading volume, of 34 shares, the short-interest ratio is presently 0.1 days.

Reserve Petroleum Stock Performance

Reserve Petroleum stock opened at $212.00 on Friday. The business has a fifty day moving average of $213.07 and a two-hundred day moving average of $212.65. Reserve Petroleum has a twelve month low of $161.88 and a twelve month high of $234.50.

Reserve Petroleum (OTCMKTS:RSRV) last announced its quarterly earnings results on Friday, August 14th. The company reported $16.82 earnings per share (EPS) for the quarter. The company had revenue of $6.07 million during the quarter.

Reserve Petroleum Company Profile

Reserve Petroleum (OTCMKTS:RSRV) is an independent oil and gas exploration and production company focused on the identification, acquisition and development of hydrocarbon reserves in the United States. The company’s primary activities include geological prospect evaluation, drilling, well completion and production optimization. By leveraging technical expertise in reservoir characterization and field development planning, Reserve Petroleum aims to convert identified reserves into sustained cash flow and long-term production growth.

Operations are concentrated in onshore basins along the U.S.