Kelt Exploration Ltd. (OTCMKTS:KELTF) Sees Significant Decrease in Short Interest

Kelt Exploration Ltd. (OTCMKTS:KELTF) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,034,900 shares, a drop of 12.2% from the March 15th total of 3,455,700 shares. Based on an average daily trading volume, of 21,400 shares, the short-interest ratio is presently 141.8 days.

Analyst Ratings Changes

Separately, BMO Capital Markets restated an “outperform” rating and set a $8.50 target price on shares of Kelt Exploration in a report on Tuesday, April 9th.

Kelt Exploration Price Performance

KELTF traded down $0.17 during midday trading on Tuesday, reaching $4.50. 8,986 shares of the company were exchanged, compared to its average volume of 20,175. Kelt Exploration has a one year low of $3.35 and a one year high of $5.95. The stock’s 50-day simple moving average is $4.36 and its 200 day simple moving average is $4.62.

Kelt Exploration Company Profile

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.