PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Sees Significant Decline in Short Interest

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 3,321,700 shares, a decrease of 16.7% from the November 30th total of 3,987,000 shares. Based on an average daily trading volume, of 23,800 shares, the short-interest ratio is currently 139.6 days.

Wall Street Analyst Weigh In

Separately, Raymond James began coverage on shares of PrairieSky Royalty in a research note on Friday, October 18th. They set a “market perform” rating and a $33.00 price target on the stock.

PrairieSky Royalty Stock Down 0.3 %

PREKF stock traded down $0.17 on Friday, hitting $19.31. The company’s stock had a trading volume of 3,682 shares, compared to its average volume of 25,291. PrairieSky Royalty has a 1 year low of $15.25 and a 1 year high of $22.00. The firm has a 50 day moving average of $20.41 and a two-hundred day moving average of $20.11.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.