Short Interest in Royale Energy Inc. (OTCMKTS:ROYL) Expands By 72.7%

Royale Energy Inc. (OTCMKTS:ROYL) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 24,594 shares, an increase of 72.7% from the April 15th total of 14,237 shares. Based on an average daily volume of 58,930 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Royale Energy Price Performance

Shares of ROYL stock remained flat at $0.10 during trading hours on Tuesday. The stock had a trading volume of 15,254 shares, compared to its average volume of 32,454. Royale Energy has a 52 week low of $0.02 and a 52 week high of $0.19. The company has a market cap of $9.66 million, a price-to-earnings ratio of -3.33 and a beta of -0.23. The stock’s 50 day moving average is $0.09 and its two-hundred day moving average is $0.06.

Royale Energy Company Profile

Royale Energy Corp. (OTCMKTS: ROYL) is an independent oil and gas exploration and production company focused on the acquisition, development and operation of onshore hydrocarbon properties in the western United States.

The company’s asset portfolio includes producing oil and gas fields in California’s Bakersfield and Santa Maria basins, alongside exploration and appraisal acreage in Utah and Nevada. Royale Energy’s activities span drilling, completion and production optimization, employing both conventional well stimulation and modern recovery techniques.