Royale Energy Inc. (OTCMKTS:ROYL) Sees Significant Drop in Short Interest

Royale Energy Inc. (OTCMKTS:ROYL) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 5 shares, a decrease of 99.9% from the February 26th total of 3,980 shares. Based on an average trading volume of 278,826 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 278,826 shares, the short-interest ratio is presently 0.0 days.

Royale Energy Stock Performance

Shares of ROYL traded down $0.01 on Wednesday, reaching $0.08. The stock had a trading volume of 2,000 shares, compared to its average volume of 68,848. Royale Energy has a 12-month low of $0.02 and a 12-month high of $0.19. The firm has a market capitalization of $8.06 million, a price-to-earnings ratio of -2.78 and a beta of -0.76. The company has a 50-day simple moving average of $0.05 and a 200-day simple moving average of $0.04.

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.