Short Interest in Royale Energy Inc. (OTCMKTS:ROYL) Declines By 100.0%

Royale Energy Inc. (OTCMKTS:ROYL) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 5 shares, a drop of 100.0% from the April 30th total of 24,594 shares. Based on an average daily volume of 61,397 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Royale Energy Price Performance

Shares of Royale Energy stock traded down $0.01 during trading hours on Thursday, hitting $0.09. 12,000 shares of the company’s stock traded hands, compared to its average volume of 57,753. Royale Energy has a 12-month low of $0.02 and a 12-month high of $0.19. The stock has a market capitalization of $8.79 million, a price-to-earnings ratio of -3.03 and a beta of -0.23. The company has a fifty day simple moving average of $0.09 and a 200-day simple moving average of $0.06.

Royale Energy Company Profile

Royale Energy Corp. (OTCMKTS: ROYL) is an independent oil and gas exploration and production company focused on the acquisition, development and operation of onshore hydrocarbon properties in the western United States.

The company’s asset portfolio includes producing oil and gas fields in California’s Bakersfield and Santa Maria basins, alongside exploration and appraisal acreage in Utah and Nevada. Royale Energy’s activities span drilling, completion and production optimization, employing both conventional well stimulation and modern recovery techniques.