Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Short Interest Up 301.2% in November

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 374,300 shares, an increase of 301.2% from the November 15th total of 93,300 shares. Based on an average daily volume of 74,300 shares, the days-to-cover ratio is currently 5.0 days.

Shelf Drilling Stock Performance

Shares of OTCMKTS SHLLF remained flat at $0.95 during midday trading on Wednesday. Shelf Drilling has a one year low of $0.74 and a one year high of $3.50. The company’s 50-day moving average is $1.35 and its 200-day moving average is $1.72.

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.