Journey Energy Inc. (OTCMKTS:JRNGF) Sees Significant Increase in Short Interest

Journey Energy Inc. (OTCMKTS:JRNGF) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 396,108 shares, an increase of 127.3% from the February 26th total of 174,239 shares. Based on an average daily trading volume, of 291,210 shares, the short-interest ratio is presently 1.4 days.

Journey Energy Price Performance

Shares of OTCMKTS JRNGF traded up $0.01 during midday trading on Friday, hitting $4.10. 110,645 shares of the stock traded hands, compared to its average volume of 108,208. Journey Energy has a one year low of $0.88 and a one year high of $4.46. The firm has a 50-day moving average of $3.06 and a two-hundred day moving average of $2.68.

About Journey Energy

Journey Energy Inc (OTCMKTS:JRNGF) is an upstream oil and gas company headquartered in Calgary, Alberta. The company is primarily engaged in the exploration, development and production of natural gas, light crude oil and natural gas liquids in Western Canada. Through its portfolio of assets, Journey Energy focuses on value-driven growth by applying modern drilling and completion techniques to both conventional and unconventional reservoirs.

Journey Energy’s operations are concentrated in key resource plays such as the Montney and Duvernay formations in northeastern British Columbia and Alberta, as well as the Mannville and Cardium intervals in Alberta and Saskatchewan.