Rubellite Energy Inc. (OTCMKTS:RUBLF) Short Interest Up 77.9% in May

Rubellite Energy Inc. (OTCMKTS:RUBLF) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 39,333 shares, a growth of 77.9% from the May 14th total of 22,108 shares. Based on an average trading volume of 26,279 shares, the days-to-cover ratio is presently 1.5 days.

Rubellite Energy Stock Performance

OTCMKTS RUBLF remained flat at $2.56 on Tuesday. 15,690 shares of the company’s stock traded hands, compared to its average volume of 22,374. The business’s 50-day moving average price is $2.43 and its 200-day moving average price is $2.10. Rubellite Energy has a 12-month low of $1.36 and a 12-month high of $2.79.

About Rubellite Energy

Rubellite Energy Inc, an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company operates in the Figure Lake area located in southwest of Lac La Biche, Alberta; the Marten Hills area is located in the northeast of Slave Lake; and the Ukalta area is located in the northeast of Edmonton, Alberta. It also operates various parcels of lands in the Peavine, Dawson, Cadotte, and Cranberry Lake areas. The company was incorporated in 2021 and is headquartered in Calgary, Canada.