Journey Energy Inc. (OTCMKTS:JRNGF) Short Interest Update

Journey Energy Inc. (OTCMKTS:JRNGF) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 608,474 shares, an increase of 31.8% from the March 31st total of 461,507 shares. Based on an average daily trading volume, of 193,661 shares, the short-interest ratio is currently 3.1 days.

Journey Energy Stock Up 6.4%

Shares of OTCMKTS JRNGF traded up $0.25 during midday trading on Thursday, reaching $4.25. The company’s stock had a trading volume of 160,644 shares, compared to its average volume of 107,486. The business’s 50 day moving average price is $3.58 and its two-hundred day moving average price is $2.91. Journey Energy has a fifty-two week low of $0.95 and a fifty-two week high of $4.46.

About Journey Energy

Journey Energy Inc (OTCMKTS:JRNGF) is an upstream oil and gas company headquartered in Calgary, Alberta. The company is primarily engaged in the exploration, development and production of natural gas, light crude oil and natural gas liquids in Western Canada. Through its portfolio of assets, Journey Energy focuses on value-driven growth by applying modern drilling and completion techniques to both conventional and unconventional reservoirs.

Journey Energy’s operations are concentrated in key resource plays such as the Montney and Duvernay formations in northeastern British Columbia and Alberta, as well as the Mannville and Cardium intervals in Alberta and Saskatchewan.