Eco (Atlantic) Oil & Gas Ltd. (OTCMKTS:ECAOF) Sees Significant Increase in Short Interest

Eco (Atlantic) Oil & Gas Ltd. (OTCMKTS:ECAOF) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 15,200 shares, an increase of 2,071.4% from the October 31st total of 700 shares. Based on an average daily volume of 11,900 shares, the short-interest ratio is presently 1.3 days.

Eco (Atlantic) Oil & Gas Price Performance

OTCMKTS ECAOF remained flat at $0.12 during trading on Wednesday. The business’s fifty day simple moving average is $0.13 and its two-hundred day simple moving average is $0.15. Eco has a 52 week low of $0.06 and a 52 week high of $0.22.

Eco (Atlantic) Oil & Gas Company Profile

Eco (Atlantic) Oil & Gas Ltd. engages in the identification, acquisition, exploration, and development of the petroleum, natural gas, and shale gas properties in the Republic of Namibia and the Co-Operative Republic of Guyana. The company holds a 15% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin; and 17.5% interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana.