The Reserve Petroleum Company (OTCMKTS:RSRV) Short Interest Up 87.5% in April

The Reserve Petroleum Company (OTCMKTS:RSRV) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 15 shares, a growth of 87.5% from the April 15th total of 8 shares. Based on an average daily trading volume, of 52 shares, the days-to-cover ratio is currently 0.3 days.

Reserve Petroleum Stock Performance

RSRV remained flat at $225.29 during midday trading on Friday. The stock has a fifty day simple moving average of $220.90 and a two-hundred day simple moving average of $195.84. Reserve Petroleum has a one year low of $154.00 and a one year high of $234.50.

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

Reserve Petroleum News Roundup

Here are the key news stories impacting Reserve Petroleum this week:

• Positive Sentiment: Reserve Petroleum reported quarterly earnings of $6.64 per share, a result that may reinforce the company’s earnings power and support the stock. Reserve Petroleum earnings report
• Neutral Sentiment: Multiple headlines about India and the UAE signing strategic petroleum reserve and LPG agreements may be broadly supportive for oil-related sentiment, but they do not appear to be directly tied to Reserve Petroleum’s operations. Reuters strategic petroleum reserve article
• Neutral Sentiment: News that the U.S. will replenish every barrel released from the Strategic Petroleum Reserve could be a modest positive for oil prices and energy sentiment, but the impact on RSRV is indirect. Reuters SPR replenishment article

About Reserve Petroleum

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.