Short Interest in Chariot Limited (OTCMKTS:OIGLF) Increases By 78.7%

Chariot Limited (OTCMKTS:OIGLF) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 101,443 shares, an increase of 78.7% from the April 30th total of 56,763 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Chariot Price Performance

Shares of OTCMKTS OIGLF opened at $0.02 on Thursday. Chariot has a 12-month low of $0.00 and a 12-month high of $0.07. The stock’s 50 day simple moving average is $0.02 and its 200 day simple moving average is $0.02.

Chariot Company Profile

Chariot is an independent oil and gas exploration and production company headquartered in London. The company’s principal activities involve the identification, acquisition and appraisal of upstream hydrocarbon assets in frontier and emerging basins. Chariot’s portfolio has historically included interests in North-West Africa, with licences in Morocco’s Tangier and Gharb Basins as well as offshore opportunities in Equatorial Guinea.

Since its founding in 2012, Chariot has focused on creating value through exploration drilling, seismic evaluation and farm-out partnerships with international energy firms.