Short Interest in Chariot Limited (OTCMKTS:OIGLF) Increases By 7,421.1%

Chariot Limited (OTCMKTS:OIGLF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 4,954,100 shares, a growth of 7,421.1% from the August 15th total of 65,869 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,468,040 shares, the days-to-cover ratio is currently 3.4 days.

Chariot Price Performance

OIGLF stock remained flat at $0.04 during trading on Thursday. The company had a trading volume of 3,000 shares, compared to its average volume of 1,061,155. The company’s 50 day moving average price is $0.02 and its 200 day moving average price is $0.02. Chariot has a 12 month low of $0.00 and a 12 month high of $0.07.

About Chariot

Chariot is an independent oil and gas exploration and production company headquartered in London. The company’s principal activities involve the identification, acquisition and appraisal of upstream hydrocarbon assets in frontier and emerging basins. Chariot’s portfolio has historically included interests in North-West Africa, with licences in Morocco’s Tangier and Gharb Basins as well as offshore opportunities in Equatorial Guinea.

Since its founding in 2012, Chariot has focused on creating value through exploration drilling, seismic evaluation and farm-out partnerships with international energy firms.