Royale Energy Inc. (OTCMKTS:ROYL) Short Interest Down 33.6% in January

Royale Energy Inc. (OTCMKTS:ROYL) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 505 shares, a decrease of 33.6% from the December 31st total of 761 shares. Based on an average daily trading volume, of 67,302 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 67,302 shares, the days-to-cover ratio is currently 0.0 days.

Royale Energy Stock Performance

Shares of Royale Energy stock opened at $0.04 on Friday. The firm has a market cap of $3.57 million, a P/E ratio of -1.23 and a beta of -0.90. The firm’s 50-day simple moving average is $0.04 and its 200-day simple moving average is $0.04. Royale Energy has a twelve month low of $0.02 and a twelve month high of $0.05.

Royale Energy (OTCMKTS:ROYL) last posted its quarterly earnings results on Wednesday, November 26th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.59 million for the quarter.

About Royale Energy

Royale Energy Corp. (OTCMKTS: ROYL) is an independent oil and gas exploration and production company focused on the acquisition, development and operation of onshore hydrocarbon properties in the western United States.

The company’s asset portfolio includes producing oil and gas fields in California’s Bakersfield and Santa Maria basins, alongside exploration and appraisal acreage in Utah and Nevada. Royale Energy’s activities span drilling, completion and production optimization, employing both conventional well stimulation and modern recovery techniques.