The Reserve Petroleum Company (OTCMKTS:RSRV) Shares Shorted: Short Interest Up 1,200.0% in September

The Reserve Petroleum Company (OTCMKTS:RSRV – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 13 shares, a growth of 1,200.0% from the September 15th total of 1 shares. Based on an average daily volume of 139 shares, the days-to-cover ratio is currently 0.1 days.

Reserve Petroleum Stock Performance

RSRV remained flat at $211.00 on Friday. The stock’s fifty day moving average price is $216.96 and its 200 day moving average price is $218.48. Reserve Petroleum has a 52-week low of $165.00 and a 52-week high of $236.00.

Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $16.82 EPS for the quarter. The firm had revenue of $6.07 million for the quarter.

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