The Reserve Petroleum Company (OTCMKTS:RSRV) Short Interest Update

The Reserve Petroleum Company (OTCMKTS:RSRV) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 2 shares, an increase of ? from the July 15th total of 0 shares. Based on an average daily volume of 34 shares, the short-interest ratio is currently 0.1 days.

Reserve Petroleum Stock Performance

Shares of RSRV opened at $212.00 on Friday. Reserve Petroleum has a 12 month low of $161.88 and a 12 month high of $234.50. The stock has a fifty day moving average price of $213.07 and a 200-day moving average price of $212.65.

Reserve Petroleum (OTCMKTS:RSRV) last announced its earnings results on Friday, August 14th. The company reported $16.82 earnings per share for the quarter. The business had revenue of $6.07 million for the quarter.

Reserve Petroleum Company Profile

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.