Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Sees Large Decrease in Short Interest

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 74,900 shares, a drop of 80.0% from the November 30th total of 374,300 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 124.8 days.

Shelf Drilling Trading Down 0.8 %

SHLLF stock traded down $0.01 during trading on Friday, hitting $0.82. 25,000 shares of the stock traded hands, compared to its average volume of 10,714. Shelf Drilling has a one year low of $0.74 and a one year high of $3.50. The company has a 50 day simple moving average of $1.17 and a 200 day simple moving average of $1.62.

Shelf Drilling Company Profile

Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells, and associated services using the rigs of the company’s owned fleet and related equipment.