Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Sees Large Drop in Short Interest

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 229,400 shares, a drop of 16.7% from the June 30th total of 275,400 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is currently 134.9 days.

Shelf Drilling Stock Performance

Shares of SHLLF stock opened at $2.16 on Monday. Shelf Drilling has a one year low of $1.67 and a one year high of $3.70. The company’s fifty day moving average price is $2.09 and its 200-day moving average price is $2.29.

About Shelf Drilling

Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells, and associated services using the rigs of the company's owned fleet and related equipment.