Carnarvon Energy Limited (OTCMKTS:CVONF) Sees Significant Decline in Short Interest

Carnarvon Energy Limited (OTCMKTS:CVONFGet Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 99 shares, a drop of 99.3% from the June 30th total of 14,954 shares. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is presently 0.0 days.

Carnarvon Energy Price Performance

Shares of OTCMKTS CVONF opened at C$0.08 on Friday. Carnarvon Energy has a twelve month low of C$0.06 and a twelve month high of C$0.09. The business has a fifty day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.07.

About Carnarvon Energy

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Carnarvon Energy (OTCMKTS:CVONF) is an Australia‐based oil and gas exploration and production company focused on the North West Shelf region offshore Western Australia. The company holds both production and exploration permits in the Bedout Sub‐basin, targeting a mix of conventional and emerging hydrocarbon plays.

The flagship asset for Carnarvon is the Dorado project within Production Licence WA-437-P, where it holds a substantial equity stake alongside international industry partners.

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