Short Interest in Carnarvon Energy Limited (OTCMKTS:CVONF) Increases By 88.4%

Carnarvon Energy Limited (OTCMKTS:CVONF) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 8,100 shares, an increase of 88.4% from the September 15th total of 4,300 shares. Based on an average daily volume of 700 shares, the short-interest ratio is currently 11.6 days.

Carnarvon Energy Stock Up 7.0 %

CVONF opened at C$0.10 on Monday. The company has a fifty day simple moving average of C$0.11 and a 200 day simple moving average of C$0.12. Carnarvon Energy has a twelve month low of C$0.09 and a twelve month high of C$0.16.

About Carnarvon Energy

Carnarvon Energy Limited engages in the exploration, development, and production of oil and gas properties in Australia. It is also involved in the renewable fuels business. The company owns various interests in the Dorado, Pavo, Roc, Phoenix, and Phoenix South project located in the Bedout Sub-basin permits of Western Australia.