Short Interest in PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Declines By 18.2%

by · The Markets Daily

PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 4,367,900 shares, a drop of 18.2% from the September 30th total of 5,340,100 shares. Based on an average daily volume of 37,900 shares, the short-interest ratio is currently 115.2 days.

Analyst Ratings Changes

Separately, Raymond James started coverage on shares of PrairieSky Royalty in a research report on Friday, October 18th. They issued a “market perform” rating and a $33.00 price target on the stock.

View Our Latest Stock Analysis on PREKF

PrairieSky Royalty Stock Down 1.2 %

Shares of OTCMKTS PREKF opened at $20.11 on Monday. PrairieSky Royalty has a 12 month low of $15.25 and a 12 month high of $21.78. The business has a fifty day simple moving average of $20.26 and a 200-day simple moving average of $19.79.

About PrairieSky Royalty

(Get Free Report)

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.

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