Short Interest in Journey Energy Inc. (OTCMKTS:JRNGF) Decreases By 28.5%

Journey Energy Inc. (OTCMKTS:JRNGF) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 216,564 shares, a drop of 28.5% from the January 29th total of 302,816 shares. Based on an average trading volume of 134,125 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 134,125 shares, the short-interest ratio is currently 1.6 days.

Journey Energy Trading Up 0.7%

Shares of JRNGF opened at $3.02 on Monday. Journey Energy has a fifty-two week low of $0.88 and a fifty-two week high of $3.07. The company’s fifty day moving average is $2.53 and its two-hundred day moving average is $2.46.

About Journey Energy

Journey Energy Inc (OTCMKTS:JRNGF) is an upstream oil and gas company headquartered in Calgary, Alberta. The company is primarily engaged in the exploration, development and production of natural gas, light crude oil and natural gas liquids in Western Canada. Through its portfolio of assets, Journey Energy focuses on value-driven growth by applying modern drilling and completion techniques to both conventional and unconventional reservoirs.

Journey Energy’s operations are concentrated in key resource plays such as the Montney and Duvernay formations in northeastern British Columbia and Alberta, as well as the Mannville and Cardium intervals in Alberta and Saskatchewan.