Kelt Exploration Ltd. (OTCMKTS:KELTF) Short Interest Update

Kelt Exploration Ltd. (OTCMKTS:KELTF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,970,096 shares, an increase of 386.6% from the June 15th total of 610,362 shares. Based on an average daily volume of 90,093 shares, the days-to-cover ratio is presently 33.0 days.

Analysts Set New Price Targets

Several equities analysts recently commented on KELTF shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kelt Exploration in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kelt Exploration in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Kelt Exploration Stock Up 0.1%

Shares of Kelt Exploration stock traded up $0.00 during trading on Friday, hitting $6.61. 96,085 shares of the stock were exchanged, compared to its average volume of 58,875. Kelt Exploration has a 12 month low of $4.35 and a 12 month high of $8.24. The stock’s fifty day moving average is $6.80 and its 200 day moving average is $6.34.

Kelt Exploration Company Profile

Kelt Exploration Ltd. is a Calgary-based oil and gas company engaged in the exploration, development and production of petroleum and natural gas reserves in Western Canada. Using horizontal drilling and multi-stage fracturing techniques, the company targets light oil and natural gas liquids in unconventional resource plays. Kelt’s business model emphasizes cost efficiency and disciplined capital allocation to maximize value from its asset base.

The company’s core holdings are concentrated in the Montney and Deep Basin resource plays of West Central and Northern Alberta.