Short Interest in Jericho Energy Ventures Inc. (OTCMKTS:JROOF) Grows By 163.2%

Jericho Energy Ventures Inc. (OTCMKTS:JROOF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 40,090 shares, an increase of 163.2% from the July 15th total of 15,230 shares. Based on an average daily trading volume, of 93,045 shares, the short-interest ratio is currently 0.4 days.

Jericho Energy Ventures Price Performance

Shares of JROOF traded up $0.01 on Friday, hitting $0.17. 19,290 shares of the stock traded hands, compared to its average volume of 81,044. Jericho Energy Ventures has a one year low of $0.03 and a one year high of $0.25. The business has a 50 day simple moving average of $0.16 and a 200 day simple moving average of $0.10.

About Jericho Energy Ventures

Jericho Energy Ventures, Inc (OTCMKTS: JROOF) is an energy investment and production company focused on acquiring, operating and optimizing undervalued oil and gas assets across the United States. The company seeks to build a diversified portfolio of onshore producing properties, deploying capital and technical expertise to enhance recovery rates, extend well life and improve operational efficiency. By targeting non-core or underperforming assets, Jericho aims to unlock value through recompletions, workovers and infrastructure upgrades.

Jericho’s business model combines private-equity style asset selection with hands-on operational management.