Journey Energy Inc. (OTCMKTS:JRNGF – Get Rating) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 153,900 shares, a growth of 90.5% from the June 30th total of 80,800 shares. Based on an average daily volume of 411,300 shares, the days-to-cover ratio is currently 0.4 days.
Analyst Ratings Changes
Separately, Stifel Nicolaus upgraded shares of Journey Energy from a "hold" rating to a "buy" rating and set a $7.50 target price on the stock in a research note on Wednesday, May 11th.
Get Journey Energy alerts:Journey Energy Stock Up 14.5 %
OTCMKTS JRNGF opened at $4.42 on Monday. The company has a fifty day simple moving average of $4.38 and a two-hundred day simple moving average of $3.94. Journey Energy has a 12-month low of $0.84 and a 12-month high of $6.35.
About Journey Energy
(Get Rating)Journey Energy Inc engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012. Journey Energy Inc was founded in 2007 and is headquartered in Calgary, Canada.
Further Reading
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