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

The Reserve Petroleum Company (OTCMKTS:RSRV) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 15 shares, a growth of 87.5% from the April 15th total of 8 shares. Based on an average daily volume of 52 shares, the days-to-cover ratio is currently 0.3 days.

Reserve Petroleum Stock Performance

Shares of Reserve Petroleum stock opened at $225.29 on Tuesday. The stock has a fifty day simple moving average of $221.57 and a 200 day simple moving average of $196.34. Reserve Petroleum has a 12-month low of $154.00 and a 12-month high of $234.50.

Reserve Petroleum (OTCMKTS:RSRV) last issued its quarterly earnings data on Friday, May 15th. The company reported $6.64 earnings per share for the quarter. The company had revenue of $5.55 million for the quarter.

About Reserve Petroleum

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.