Short Interest in Royale Energy Inc. (OTCMKTS:ROYL) Declines By 100.0%

Royale Energy Inc. (OTCMKTS:ROYL) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 5 shares, a decline of 100.0% from the April 30th total of 24,594 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 61,397 shares, the days-to-cover ratio is presently 0.0 days.

Royale Energy Price Performance

ROYL stock traded down $0.01 during midday trading on Wednesday, hitting $0.09. The company’s stock had a trading volume of 10,600 shares, compared to its average volume of 19,122. Royale Energy has a twelve month low of $0.02 and a twelve month high of $0.19. The company’s fifty day moving average price is $0.09 and its 200 day moving average price is $0.06. The stock has a market capitalization of $8.79 million, a P/E ratio of -3.03 and a beta of -0.23.

About Royale Energy

Royale Energy Corp. (OTCMKTS: ROYL) is an independent oil and gas exploration and production company focused on the acquisition, development and operation of onshore hydrocarbon properties in the western United States.

The company’s asset portfolio includes producing oil and gas fields in California’s Bakersfield and Santa Maria basins, alongside exploration and appraisal acreage in Utah and Nevada. Royale Energy’s activities span drilling, completion and production optimization, employing both conventional well stimulation and modern recovery techniques.