Short Interest in ReoStar Energy Corp. (OTCMKTS:REOS) Drops By 33.3%

ReoStar Energy Corp. (OTCMKTS:REOS) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 200 shares, a decrease of 33.3% from the August 15th total of 300 shares. Based on an average daily volume of 124,959 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

ReoStar Energy Price Performance

REOS stock remained flat at $0.03 during mid-day trading on Thursday. 15,100 shares of the company’s stock traded hands, compared to its average volume of 46,064. The stock’s 50 day moving average is $0.02 and its two-hundred day moving average is $0.02. ReoStar Energy has a 52-week low of $0.00 and a 52-week high of $0.04.

About ReoStar Energy

ReoStar Energy Corporation engages in the exploration, development, and acquisition of oil and gas properties primarily in Texas. It owns approximately 9,000 acres of leasehold, which include 5,000 acres of exploratory and developmental prospects, as well as 4,000 acres of enhanced oil recovery prospects. The company was formerly known as Goldrange Resources, Inc and changed its name to ReoStar Energy Corporation in November 2004. ReoStar Energy Corporation was incorporated in 2004 and is headquartered in Fort Worth, Texas.