Jericho Energy Ventures Inc. (OTCMKTS:JROOF) Short Interest Up 244,911.1% in June

Jericho Energy Ventures Inc. (OTCMKTS:JROOF) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 22,051 shares, a growth of 244,911.1% from the May 31st total of 9 shares. Based on an average daily trading volume, of 94,087 shares, the days-to-cover ratio is presently 0.2 days.

Jericho Energy Ventures Stock Performance

Shares of OTCMKTS:JROOF traded down $0.01 during mid-day trading on Thursday, reaching $0.19. The stock had a trading volume of 173,119 shares, compared to its average volume of 83,189. The firm has a 50 day simple moving average of $0.09 and a two-hundred day simple moving average of $0.08. Jericho Energy Ventures has a twelve month low of $0.03 and a twelve month high of $0.23.

Jericho Energy Ventures Company Profile

Jericho Energy Ventures, Inc (OTCMKTS: JROOF) is an energy investment and production company focused on acquiring, operating and optimizing undervalued oil and gas assets across the United States. The company seeks to build a diversified portfolio of onshore producing properties, deploying capital and technical expertise to enhance recovery rates, extend well life and improve operational efficiency. By targeting non-core or underperforming assets, Jericho aims to unlock value through recompletions, workovers and infrastructure upgrades.

Jericho’s business model combines private-equity style asset selection with hands-on operational management.