The Reserve Petroleum Company (OTCMKTS:RSRV) Short Interest Update

The Reserve Petroleum Company (OTCMKTS:RSRVGet Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1 shares, a decrease of 93.3% from the April 30th total of 15 shares. Based on an average daily volume of 11 shares, the short-interest ratio is currently 0.1 days.

Reserve Petroleum Stock Down 0.3%

RSRV stock traded down $0.66 on Wednesday, hitting $225.00. 2 shares of the company’s stock traded hands, compared to its average volume of 111. Reserve Petroleum has a 1-year low of $154.00 and a 1-year high of $234.50. The stock has a fifty day moving average of $223.01 and a 200-day moving average of $198.73.

Reserve Petroleum (OTCMKTS:RSRVGet Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported $6.64 EPS for the quarter. The firm had revenue of $5.55 million during the quarter.

About Reserve Petroleum

(Get Free Report)

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.

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