The Reserve Petroleum Company (OTCMKTS:RSRV) Short Interest Up ∞ in June

The Reserve Petroleum Company (OTCMKTS:RSRV) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 5 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 155 shares, the days-to-cover ratio is currently 0.0 days.

Reserve Petroleum Price Performance

Shares of OTCMKTS RSRV opened at $211.00 on Wednesday. Reserve Petroleum has a 52 week low of $154.00 and a 52 week high of $234.50. The company’s 50-day moving average price is $221.11 and its 200 day moving average price is $205.66.

Reserve Petroleum (OTCMKTS:RSRV) last posted its earnings results on Friday, May 15th. The company reported $6.64 earnings per share for the quarter. The business had revenue of $5.55 million for the quarter.

Reserve Petroleum Company Profile

Reserve Petroleum (OTCMKTS:RSRV) is an independent oil and gas exploration and production company focused on the identification, acquisition and development of hydrocarbon reserves in the United States. The company’s primary activities include geological prospect evaluation, drilling, well completion and production optimization. By leveraging technical expertise in reservoir characterization and field development planning, Reserve Petroleum aims to convert identified reserves into sustained cash flow and long-term production growth.

Operations are concentrated in onshore basins along the U.S.