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

The Reserve Petroleum Company (OTCMKTS:RSRV) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1 shares, a decrease of 93.3% from the April 30th total of 15 shares. Based on an average daily volume of 11 shares, the days-to-cover ratio is presently 0.1 days.

Reserve Petroleum Stock Performance

OTCMKTS:RSRV traded down $5.90 on Thursday, reaching $219.10. 50 shares of the stock traded hands, compared to its average volume of 112. The company’s 50 day moving average is $223.21 and its 200-day moving average is $199.15. Reserve Petroleum has a 1-year low of $154.00 and a 1-year high of $234.50.

Reserve Petroleum (OTCMKTS:RSRV) last released its earnings results on Friday, May 15th. The company reported $6.64 earnings per share for the quarter. The firm 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.