Eco (Atlantic) Oil & Gas Ltd. (OTCMKTS:ECAOF) Sees Large Increase in Short Interest

Eco (Atlantic) Oil & Gas Ltd. (OTCMKTS:ECAOF) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 15,200 shares, an increase of 2,071.4% from the October 31st total of 700 shares. Based on an average trading volume of 11,900 shares, the days-to-cover ratio is currently 1.3 days.

Eco (Atlantic) Oil & Gas Stock Performance

Shares of Eco (Atlantic) Oil & Gas stock opened at $0.12 on Thursday. The business has a 50-day moving average price of $0.13 and a two-hundred day moving average price of $0.15. Eco has a 1-year low of $0.06 and a 1-year high of $0.22.

Eco (Atlantic) Oil & Gas Company Profile

Eco (Atlantic) Oil & Gas Ltd. engages in the identification, acquisition, exploration, and development of the petroleum, natural gas, and shale gas properties in the Republic of Namibia and the Co-Operative Republic of Guyana. The company holds a 15% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin; and 17.5% interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana.