The Reserve Petroleum Company (OTCMKTS:RSRV) Sees Significant Decrease in Short Interest

The Reserve Petroleum Company (OTCMKTS:RSRV) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 1 shares, a decline of 90.9% from the October 15th total of 11 shares. Based on an average trading volume of 49 shares, the short-interest ratio is currently 0.0 days.

Reserve Petroleum Stock Performance

Shares of Reserve Petroleum stock traded up $2.00 during midday trading on Wednesday, hitting $222.00. The company had a trading volume of 8 shares, compared to its average volume of 131. The company has a fifty day simple moving average of $223.36 and a 200 day simple moving average of $215.21. Reserve Petroleum has a 12-month low of $166.00 and a 12-month high of $240.00.

Reserve Petroleum (OTCMKTS:RSRV) last released its earnings results on Friday, August 14th. The company reported $16.82 EPS for the quarter. The company had revenue of $6.07 million during the quarter.

About Reserve Petroleum

Reserve Petroleum Corporation is an oil and natural gas company whose business activities have centered on the acquisition, exploration, development and production of domestic oil and natural gas properties. The company has also held interests in producing wells and related oil and gas assets. Reserve Petroleum has historically operated as an independent energy company, with its activities focused on managing and developing petroleum interests rather than providing energy services or selling finished products directly to consumers.