Rockhopper Exploration plc (OTCMKTS:RCKHF) Sees Significant Drop in Short Interest

Rockhopper Exploration plc (OTCMKTS:RCKHF) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 3,889 shares, a drop of 82.2% from the September 30th total of 21,890 shares. Based on an average trading volume of 16,649 shares, the days-to-cover ratio is currently 0.2 days.

Rockhopper Exploration Price Performance

Shares of RCKHF stock remained flat at $0.79 during trading hours on Wednesday. 6,534 shares of the stock traded hands, compared to its average volume of 20,430. The stock has a fifty day moving average of $0.87 and a two-hundred day moving average of $0.97. Rockhopper Exploration has a twelve month low of $0.60 and a twelve month high of $1.31.

Rockhopper Exploration Company Profile

Rockhopper Exploration plc is an oil and gas exploration and production company focused primarily on offshore resources in the Falkland Islands and Italy. The company’s activities include identifying, evaluating and developing conventional oil and gas opportunities through exploration licenses, technical studies and partnerships with other energy companies.

Rockhopper’s principal asset is its interest in the Sea Lion oil field in the North Falkland Basin. The project was discovered in 2010 and is being advanced in partnership with Navitas Petroleum, which serves as operator.