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

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 55,900 shares, a decrease of 25.4% from the December 15th total of 74,900 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is presently 5.1 days.

Shelf Drilling Price Performance

Shares of Shelf Drilling stock remained flat at $0.89 during midday trading on Friday. Shelf Drilling has a 12 month low of $0.74 and a 12 month high of $3.50. The business has a 50 day moving average price of $0.95 and a 200 day moving average price of $1.49.

Shelf Drilling Company Profile

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.