Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Short Interest Down 25.4% in December

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 55,900 shares, a decrease of 25.4% from the December 15th total of 74,900 shares. Based on an average daily volume of 11,000 shares, the short-interest ratio is currently 5.1 days.

Shelf Drilling Stock Performance

OTCMKTS:SHLLF remained flat at $0.89 during trading hours on Friday. The company has a fifty day simple moving average of $0.95 and a 200-day simple moving average of $1.49. Shelf Drilling has a twelve month low of $0.74 and a twelve month high of $3.50.

Shelf Drilling Company Profile

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.