Short Interest in Camber Energy Inc (CEI) Rises By 55.9%
Camber Energy Inc (NYSEAMERICAN:CEI) was the target of a significant increase in short interest during the month of June. As of June 29th, there was short interest totalling 813,580 shares, an increase of 55.9% from the June 15th total of 521,975 shares. Approximately 23.1% of the shares of the company are short sold. Based on an average daily volume of 13,314,604 shares, the short-interest ratio is currently 0.1 days.
Camber Energy stock traded down $0.11 during trading on Wednesday, hitting $0.37. The stock had a trading volume of 5,080,762 shares, compared to its average volume of 2,156,048. Camber Energy has a 1 year low of $0.22 and a 1 year high of $11.25.
About Camber Energy
Camber Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids in Texas and Oklahoma. The company holds interests in approximately 13,000 net acres in producing fields located primarily in the Hunton formation in Lincoln, Logan, and Payne Counties, central Oklahoma, as well as in the Cline shale and upper Wolfberry shale in Glasscock County, Texas; and 3,600 net acres in the Horizontal San Andres play on the Central Basin Platform of the Permian Basin in West Texas under a joint venture agreement.
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