Pine Cliff Energy Ltd. (OTCMKTS:PIFYF) Short Interest Up 711.7% in March

Pine Cliff Energy Ltd. (OTCMKTS:PIFYF) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 381,500 shares, an increase of 711.7% from the February 29th total of 47,000 shares. Based on an average daily volume of 370,700 shares, the days-to-cover ratio is presently 1.0 days.

Pine Cliff Energy Price Performance

Shares of OTCMKTS:PIFYF remained flat at $0.75 on Wednesday. 20,235 shares of the company’s stock traded hands, compared to its average volume of 112,318. The stock’s fifty day moving average is $0.87 and its 200 day moving average is $1.00. Pine Cliff Energy has a 12-month low of $0.68 and a 12-month high of $1.22.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.