The Reserve Petroleum Company (OTCMKTS:RSRV) Shares Shorted: Short Interest Down 90.9% in October

The Reserve Petroleum Company (OTCMKTS:RSRV) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1 shares, a decrease of 90.9% from the October 15th total of 11 shares. Based on an average trading volume of 49 shares, the short-interest ratio is presently 0.0 days.

Reserve Petroleum Price Performance

OTCMKTS RSRV traded up $2.00 on Wednesday, hitting $222.00. The stock had a trading volume of 8 shares, compared to its average volume of 131. The business’s fifty day moving average price is $223.36 and its 200 day moving average price is $215.21. Reserve Petroleum has a 52-week low of $166.00 and a 52-week high of $240.00.

Reserve Petroleum (OTCMKTS:RSRV) last issued its quarterly earnings data on Friday, August 14th. The company reported $16.82 EPS for the quarter. The business had revenue of $6.07 million for the quarter.

About Reserve Petroleum

Reserve Petroleum Corporation is an oil and natural gas company whose business activities have centered on the acquisition, exploration, development and production of domestic oil and natural gas properties. The company has also held interests in producing wells and related oil and gas assets. Reserve Petroleum has historically operated as an independent energy company, with its activities focused on managing and developing petroleum interests rather than providing energy services or selling finished products directly to consumers.