Camber Energy (NYSEAMERICAN:CEI) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 425,026 shares, a decrease of 16.2% from the April 30th total of 506,922 shares. Currently, 12.1% of the shares of the stock are short sold. Based on an average daily volume of 593,734 shares, the days-to-cover ratio is currently 0.7 days.
Camber Energy opened at $0.38 on Friday, according to MarketBeat.com. Camber Energy has a 1-year low of $0.36 and a 1-year high of $11.25.
About Camber Energy
Camber Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids in Texas and Oklahoma. The company holds interests in approximately 13,000 net acres in producing fields located primarily in the Hunton formation in Lincoln, Logan, and Payne Counties, central Oklahoma, as well as in the Cline shale and upper Wolfberry shale in Glasscock County, Texas; and 3,600 net acres in the Horizontal San Andres play on the Central Basin Platform of the Permian Basin in West Texas under a joint venture agreement.
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