The Reserve Petroleum Company (OTCMKTS:RSRV) Sees Significant Increase in Short Interest

The Reserve Petroleum Company (OTCMKTS:RSRV) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 1 shares. Based on an average daily volume of 140 shares, the days-to-cover ratio is currently 0.0 days.

Reserve Petroleum Price Performance

RSRV stock remained flat at $236.00 during midday trading on Wednesday. The company had a trading volume of 1 shares, compared to its average volume of 135. The business has a fifty day moving average of $216.30 and a 200-day moving average of $218.00. Reserve Petroleum has a 12-month low of $165.00 and a 12-month high of $236.00.

Reserve Petroleum (OTCMKTS:RSRV) last issued its quarterly earnings results on Friday, August 14th. The company reported $16.82 earnings per share for the quarter. The company had revenue of $6.07 million during the quarter.

Reserve Petroleum News Summary

Here are the key news stories impacting Reserve Petroleum this week:

• Neutral Sentiment: The U.S. is opening an exchange involving roughly 40 million barrels from the Strategic Petroleum Reserve, with the move intended to address tight fuel markets and test delivery capacity. The initial market reaction suggested only a limited effect on crude prices, reducing the immediate significance for RSRV. U.S. taps final 40 million barrels from Strategic Petroleum Reserve
• Neutral Sentiment: Coverage also highlights that the reserve has fallen to its lowest level since 1982. That could raise longer-term concerns about the government’s ability to respond to future supply disruptions, but it does not provide a direct catalyst for the company’s earnings today. Trump Promised to Refill the Strategic Petroleum Reserve
• Neutral Sentiment: Reports that India holds more than 80 days of fuel reserves are a separate global inventory data point and are unlikely to materially affect RSRV without a larger change in worldwide supply-demand expectations. India has more than 80 days fuel reserves
• Negative Sentiment: Releasing additional crude from the Strategic Petroleum Reserve increases near-term supply and could weigh on oil prices. If sustained, lower crude prices would generally pressure revenue and profitability for oil-focused companies such as RSRV, although the reported price response so far has been modest. U.S. Oil Reserve Drawdown Barely Nudges Prices

About Reserve Petroleum