Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Sees Significant Drop in Short Interest

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 74,900 shares, a decrease of 80.0% from the November 30th total of 374,300 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 124.8 days.

Shelf Drilling Stock Performance

Shelf Drilling stock remained flat at $0.83 during midday trading on Thursday. The company has a 50 day moving average price of $1.18 and a 200-day moving average price of $1.63. Shelf Drilling has a fifty-two week low of $0.74 and a fifty-two week high of $3.50.

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.