Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Sees Significant Decline in Short Interest

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 74,900 shares, a decrease 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 Price Performance

Shares of SHLLF traded down $0.01 during trading hours on Friday, reaching $0.82. The stock had a trading volume of 25,000 shares, compared to its average volume of 10,714. The firm has a 50-day moving average of $1.17 and a 200 day moving average of $1.62. Shelf Drilling has a 52 week low of $0.74 and a 52 week 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.