Yangarra Resources Ltd. (OTCMKTS:YGRAF) Stock Short Interest Report for October

Yangarra Resources Ltd. (OTCMKTS:YGRAF) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 42,911 shares, a decline of 51.0% from the September 30th total of 87,504 shares. Based on an average daily trading volume, of 105,455 shares, the days-to-cover ratio is currently 0.4 days.

Yangarra Resources Trading Up 0.2%

OTCMKTS:YGRAF opened at $1.23 on Friday. The firm has a 50 day moving average of $1.14 and a 200-day moving average of $0.98. Yangarra Resources has a 1 year low of $0.65 and a 1 year high of $1.31.

Yangarra Resources Company Profile

Yangarra Resources Ltd. is a Canadian oil and natural gas exploration and production company based in Calgary, Alberta. The company focuses on developing conventional petroleum assets, with an emphasis on light oil and associated natural gas production.

Yangarra’s operations are concentrated in west-central Alberta, particularly within the Cardium formation. Its activities include acquiring and developing land, drilling and completing wells, and producing crude oil, natural gas, and natural gas liquids from its resource base.

The company has historically pursued a development strategy centered on horizontal drilling and multi-stage hydraulic fracturing to improve recovery from its Alberta properties.