Camber Energy, Inc. (OTCMKTS:CEIN) Sees Large Decrease in Short Interest

Camber Energy, Inc. (OTCMKTS:CEIN) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 309,497 shares, a drop of 22.3% from the January 15th total of 398,461 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,087,902 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 1,087,902 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Camber Energy Stock Performance

OTCMKTS CEIN opened at $0.03 on Monday. The stock has a 50 day moving average price of $0.04 and a 200-day moving average price of $0.04. Camber Energy has a one year low of $0.01 and a one year high of $0.06. The company has a market capitalization of $8.62 million, a P/E ratio of -3.16 and a beta of -2.06.

Camber Energy Company Profile

Camber Energy, Inc is an independent oil and gas exploration and production company engaged in the acquisition, development and operation of onshore hydrocarbon assets in the United States. The company focuses on identifying opportunities in proven resource plays where it can apply modern drilling and completion techniques to enhance production and recover reserves cost-effectively.

Camber Energy’s core producing properties are located in South Louisiana and East Texas, with an emphasis on natural gas and light oil reservoirs.