Carnarvon Energy Limited (OTCMKTS:CVONF) Sees Large Decline in Short Interest

Carnarvon Energy Limited (OTCMKTS:CVONFGet Free Report) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 14,954 shares, a drop of 39.0% from the June 15th total of 24,500 shares. Based on an average daily volume of 2,091 shares, the short-interest ratio is currently 7.2 days.

Carnarvon Energy Price Performance

Shares of CVONF opened at C$0.08 on Thursday. Carnarvon Energy has a 52-week low of C$0.06 and a 52-week high of C$0.09. The firm’s fifty day moving average is C$0.08 and its two-hundred day moving average is C$0.07.

Carnarvon Energy Company Profile

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Carnarvon Energy (OTCMKTS:CVONF) is an Australia‐based oil and gas exploration and production company focused on the North West Shelf region offshore Western Australia. The company holds both production and exploration permits in the Bedout Sub‐basin, targeting a mix of conventional and emerging hydrocarbon plays.

The flagship asset for Carnarvon is the Dorado project within Production Licence WA-437-P, where it holds a substantial equity stake alongside international industry partners.

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