Short Interest in Rubellite Energy Inc. (OTCMKTS:RUBLF) Expands By 77.9%

Rubellite Energy Inc. (OTCMKTS:RUBLF) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 39,333 shares, an increase of 77.9% from the May 14th total of 22,108 shares. Based on an average daily trading volume, of 26,279 shares, the short-interest ratio is presently 1.5 days.

Rubellite Energy Price Performance

RUBLF stock opened at $2.51 on Wednesday. The business’s 50-day simple moving average is $2.43 and its 200 day simple moving average is $2.11. Rubellite Energy has a twelve month low of $1.36 and a twelve month high of $2.79.

About Rubellite Energy

Rubellite Energy Inc, an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company operates in the Figure Lake area located in southwest of Lac La Biche, Alberta; the Marten Hills area is located in the northeast of Slave Lake; and the Ukalta area is located in the northeast of Edmonton, Alberta. It also operates various parcels of lands in the Peavine, Dawson, Cadotte, and Cranberry Lake areas. The company was incorporated in 2021 and is headquartered in Calgary, Canada.