Short Interest in PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Decreases By 18.2%

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 4,367,900 shares, a decrease of 18.2% from the September 30th total of 5,340,100 shares. Based on an average daily volume of 37,900 shares, the days-to-cover ratio is currently 115.2 days.

Analyst Upgrades and Downgrades

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

PrairieSky Royalty Price Performance

PrairieSky Royalty stock traded up $0.70 during midday trading on Wednesday, reaching $20.75. 25,491 shares of the stock traded hands, compared to its average volume of 25,575. PrairieSky Royalty has a 12 month low of $15.25 and a 12 month high of $21.78. The stock’s fifty day moving average is $20.26 and its 200-day moving average is $19.77.

About PrairieSky Royalty

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.