Rockhopper Exploration plc (OTCMKTS:RCKHF) Sees Large Growth in Short Interest

Rockhopper Exploration plc (OTCMKTS:RCKHFGet Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 10,700 shares, a growth of 494.4% from the May 14th total of 1,800 shares. Based on an average daily volume of 24,744 shares, the days-to-cover ratio is currently 0.4 days.

Rockhopper Exploration Price Performance

Shares of Rockhopper Exploration stock remained flat at $0.94 on Friday. The stock had a trading volume of 400 shares, compared to its average volume of 27,990. The business has a 50-day simple moving average of $1.09 and a 200-day simple moving average of $1.02. Rockhopper Exploration has a 1-year low of $0.61 and a 1-year high of $1.35.

Rockhopper Exploration Company Profile

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Rockhopper Exploration plc is a UK?based oil and gas exploration and development company incorporated in 2004 and headquartered in London. The company focuses on identifying and appraising hydrocarbon resources in frontier offshore basins, with a strategic emphasis on the North Falkland Basin. In the United States, its American depositary shares trade on the OTC Markets under the ticker RCKHF.

Rockhopper holds interests in multiple exploration licenses in the North Falkland Basin, where its flagship asset is the Sea Lion oil field.

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