Royale Energy Inc. (OTCMKTS:ROYL) Short Interest Update

Royale Energy Inc. (OTCMKTS:ROYL) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 24,594 shares, an increase of 72.7% from the April 15th total of 14,237 shares. Based on an average daily volume of 58,930 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Royale Energy Price Performance

Shares of OTCMKTS:ROYL remained flat at $0.10 during midday trading on Monday. The company had a trading volume of 15,254 shares, compared to its average volume of 60,731. Royale Energy has a 12 month low of $0.02 and a 12 month high of $0.19. The company has a market capitalization of $9.66 million, a price-to-earnings ratio of -3.33 and a beta of -0.23. The business’s 50 day moving average price is $0.09 and its two-hundred day moving average price is $0.06.

Royale Energy Company Profile

Royale Energy Corp. (OTCMKTS: ROYL) is an independent oil and gas exploration and production company focused on the acquisition, development and operation of onshore hydrocarbon properties in the western United States.

The company’s asset portfolio includes producing oil and gas fields in California’s Bakersfield and Santa Maria basins, alongside exploration and appraisal acreage in Utah and Nevada. Royale Energy’s activities span drilling, completion and production optimization, employing both conventional well stimulation and modern recovery techniques.