Jericho Energy Ventures Inc. (OTCMKTS:JROOF – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 15,230 shares, a drop of 42.2% from the June 30th total of 26,339 shares. Based on an average daily trading volume, of 238,474 shares, the days-to-cover ratio is currently 0.1 days.
Jericho Energy Ventures Stock Performance
Shares of Jericho Energy Ventures stock remained flat at $0.17 during trading on Thursday. 35,190 shares of the stock traded hands, compared to its average volume of 84,418. The company has a 50 day moving average of $0.13 and a two-hundred day moving average of $0.09. Jericho Energy Ventures has a fifty-two week low of $0.03 and a fifty-two week high of $0.25.
About Jericho Energy Ventures
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.
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