Short Interest in PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Declines By 16.7%

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 3,321,700 shares, a decrease of 16.7% from the November 30th total of 3,987,000 shares. Based on an average daily trading volume, of 23,800 shares, the short-interest ratio is currently 139.6 days.

Analyst Upgrades and Downgrades

Separately, Raymond James assumed coverage on shares of PrairieSky Royalty in a research note on Friday, October 18th. They issued a “market perform” rating and a $33.00 price target for the company.

PrairieSky Royalty Stock Up 0.6 %

PREKF traded up $0.12 on Tuesday, hitting $19.43. 10,046 shares of the company traded hands, compared to its average volume of 25,229. The company has a 50 day moving average of $20.39 and a 200-day moving average of $20.12. PrairieSky Royalty has a 12-month low of $15.25 and a 12-month high of $22.00.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.