Chariot Limited (OTCMKTS:OIGLF) Short Interest Up 7,421.1% in August

Chariot Limited (OTCMKTS:OIGLF) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,954,100 shares, an increase of 7,421.1% from the August 15th total of 65,869 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,468,040 shares, the days-to-cover ratio is presently 3.4 days.

Chariot Stock Performance

OTCMKTS:OIGLF remained flat at $0.04 during midday trading on Thursday. 3,000 shares of the company traded hands, compared to its average volume of 1,061,155. The company’s fifty day simple moving average is $0.02 and its 200 day simple moving average is $0.02. Chariot has a one year low of $0.00 and a one year high of $0.07.

Chariot Company Profile

Chariot is an independent oil and gas exploration and production company headquartered in London. The company’s principal activities involve the identification, acquisition and appraisal of upstream hydrocarbon assets in frontier and emerging basins. Chariot’s portfolio has historically included interests in North-West Africa, with licences in Morocco’s Tangier and Gharb Basins as well as offshore opportunities in Equatorial Guinea.

Since its founding in 2012, Chariot has focused on creating value through exploration drilling, seismic evaluation and farm-out partnerships with international energy firms.