Rubellite Energy Inc. (OTCMKTS:RUBLF) Short Interest Up 77.9% in May

Rubellite Energy Inc. (OTCMKTS:RUBLF) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 39,333 shares, an increase of 77.9% from the May 14th total of 22,108 shares. Based on an average daily trading volume, of 26,279 shares, the short-interest ratio is currently 1.5 days.

Rubellite Energy Stock Down 4.9%

Shares of RUBLF stock traded down $0.13 during trading hours on Monday, reaching $2.56. 4,590 shares of the company traded hands, compared to its average volume of 22,365. Rubellite Energy has a 12-month low of $1.36 and a 12-month high of $2.79. The firm has a 50-day moving average price of $2.43 and a 200 day moving average price of $2.10.

Rubellite Energy Company Profile

Rubellite Energy Inc, an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company operates in the Figure Lake area located in southwest of Lac La Biche, Alberta; the Marten Hills area is located in the northeast of Slave Lake; and the Ukalta area is located in the northeast of Edmonton, Alberta. It also operates various parcels of lands in the Peavine, Dawson, Cadotte, and Cranberry Lake areas. The company was incorporated in 2021 and is headquartered in Calgary, Canada.