Short Interest in Lucero Energy Corp. (OTCMKTS:PSHIF) Expands By 538.1%

Lucero Energy Corp. (OTCMKTS:PSHIF) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 13,400 shares, an increase of 538.1% from the August 15th total of 2,100 shares. Based on an average trading volume of 6,200 shares, the days-to-cover ratio is currently 2.2 days.

Lucero Energy Stock Performance

Lucero Energy stock remained flat at C$0.37 during trading hours on Friday. 6,300 shares of the company’s stock traded hands, compared to its average volume of 15,540. The company’s fifty day moving average is C$0.40 and its two-hundred day moving average is C$0.43. Lucero Energy has a 1 year low of C$0.34 and a 1 year high of C$0.61.

About Lucero Energy

Lucero Energy Corp., an independent oil company, engages in the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. The company was formerly known as PetroShale Inc and changed its name to Lucero Energy Corp.