Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Short Interest Update

Shelf Drilling, Ltd. (OTCMKTS:SHLLF – Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 29,900 shares, anincreaseof110.6% from the July 31st total of 14,200 shares. Based on an average daily volume of 170,200 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 170,200 shares, the days-to-cover ratio is presently 0.2 days.

Shelf Drilling Stock Performance

SHLLF opened at $1.36 on Friday. The stock has a fifty day simple moving average of $1.08 and a two-hundred day simple moving average of $0.77. Shelf Drilling has a 12-month low of $0.45 and a 12-month high of $1.75.

About Shelf Drilling

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Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells, and associated services using the rigs of the company’s owned fleet and related equipment.

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