Jericho Energy Ventures Inc. (OTCMKTS:JROOF) Sees Large Growth in Short Interest

Jericho Energy Ventures Inc. (OTCMKTS:JROOF) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,700 shares, an increase of 1,600.0% from the July 31st total of 100 shares. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is presently 0.1 days.

Jericho Energy Ventures Stock Up 1.8 %

Shares of JROOF stock opened at 0.11 on Wednesday. The firm’s 50 day moving average price is 0.12 and its two-hundred day moving average price is 0.13. Jericho Energy Ventures has a 52-week low of 0.09 and a 52-week high of 0.22.

About Jericho Energy Ventures

Jericho Energy Ventures Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas in the United States. The company also invests in hydrogen technologies, energy storage, carbon capture, and new energy systems. The company was formerly known as Jericho Oil Corporation and changed its name to Jericho Energy Ventures Inc in March 2021.