Africa Oil Corp. (OTCMKTS:AOIFF – Get Rating) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 297,300 shares, a decline of 19.0% from the November 30th total of 367,200 shares. Based on an average trading volume of 292,100 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

Separately, Scotiabank boosted their price target on Africa Oil from C$3.25 to C$3.50 in a research report on Thursday, October 13th.

Africa Oil Stock Performance

AOIFF opened at $1.84 on Tuesday. Africa Oil has a one year low of $1.38 and a one year high of $2.65. The stock's fifty day moving average is $2.13 and its 200-day moving average is $1.98. The company has a market capitalization of $863.29 million, a PE ratio of 5.10 and a beta of 1.26.

Africa Oil Company Profile

(Get Rating)

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria and development assets in Kenya. It also has a portfolio of exploration assets in Guyana, Kenya, Namibia, Nigeria, South Africa, Ethiopia, and in the Senegal Guinea Bissau Joint Development Zone.

Further Reading

• Get a free copy of the StockNews.com research report on Africa Oil (AOIFF)
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