Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Short Interest Update

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 30,100 shares, a drop of 70.0% from the January 31st total of 100,400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 301.0 days.

Shelf Drilling Price Performance

OTCMKTS:SHLLF remained flat at $0.76 during mid-day trading on Friday. The company has a 50 day simple moving average of $0.82 and a 200-day simple moving average of $1.22. Shelf Drilling has a 1 year low of $0.74 and a 1 year high of $2.71.

About Shelf Drilling

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.