Journey Energy Inc. (OTCMKTS:JRNGF) Sees Significant Decrease in Short Interest

Journey Energy Inc. (OTCMKTS:JRNGF) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 174,239 shares, a drop of 19.5% from the February 12th total of 216,564 shares. Based on an average daily volume of 251,263 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 251,263 shares, the days-to-cover ratio is presently 0.7 days.

Journey Energy Trading Down 2.0%

Shares of OTCMKTS:JRNGF traded down $0.07 during trading on Monday, reaching $3.65. The stock had a trading volume of 46,661 shares, compared to its average volume of 87,305. Journey Energy has a 52 week low of $0.88 and a 52 week high of $3.85. The firm’s fifty day moving average is $2.72 and its 200 day moving average is $2.56.

Journey Energy Company Profile

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.