Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Short Interest Down 25.4% in December

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 55,900 shares, a decrease of 25.4% from the December 15th total of 74,900 shares. Based on an average daily trading volume, of 11,000 shares, the days-to-cover ratio is currently 5.1 days.

Shelf Drilling Price Performance

Shares of OTCMKTS:SHLLF remained flat at $0.89 during midday trading on Friday. The company has a 50-day moving average of $0.95 and a two-hundred day moving average of $1.49. Shelf Drilling has a 12-month low of $0.74 and a 12-month high of $3.50.

About Shelf Drilling

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.