Jericho Energy Ventures Inc. (OTCMKTS:JROOF) Short Interest Up 1,600.0% in August

Jericho Energy Ventures Inc. (OTCMKTS:JROOF) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 1,700 shares, an increase of 1,600.0% from the July 31st total of 100 shares. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is currently 0.1 days.

Jericho Energy Ventures Stock Performance

OTCMKTS:JROOF traded up 0.01 during mid-day trading on Tuesday, hitting 0.11. The company’s stock had a trading volume of 4,900 shares, compared to its average volume of 15,298. The stock has a fifty day moving average of 0.12 and a 200-day moving average of 0.13. Jericho Energy Ventures has a fifty-two week low of 0.09 and a fifty-two week high of 0.22.

About Jericho Energy Ventures

Jericho Energy Ventures Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas in the United States. The company also invests in hydrogen technologies, energy storage, carbon capture, and new energy systems. The company was formerly known as Jericho Oil Corporation and changed its name to Jericho Energy Ventures Inc in March 2021.