Short Interest in Shelf Drilling, Ltd. (OTCMKTS:SHLLF) Declines By 70.0%

Shelf Drilling, Ltd. (OTCMKTS:SHLLF) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 30,100 shares, a decline of 70.0% from the January 31st total of 100,400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 301.0 days.

Shelf Drilling Price Performance

Shares of SHLLF stock remained flat at $0.76 on Friday. The stock’s 50-day moving average price is $0.82 and its 200-day moving average price is $1.22. Shelf Drilling has a twelve month low of $0.74 and a twelve month high of $2.71.

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.