Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF) Sees Significant Increase in Short Interest

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 10,721,200 shares, an increase of 31.2% from the August 31st total of 8,172,100 shares. Based on an average daily volume of 183,500 shares, the days-to-cover ratio is presently 58.4 days.

Tamarack Valley Energy Price Performance

Shares of OTCMKTS:TNEYF opened at $2.83 on Friday. The firm has a 50 day simple moving average of $2.88 and a 200 day simple moving average of $2.79. Tamarack Valley Energy has a one year low of $2.02 and a one year high of $3.17.

About Tamarack Valley Energy

Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. Its oil and natural gas properties are the Cardium, Clearwater, Charlie Lake, and Enhanced Oil Recovery assets located in the province of Alberta, Canada.