Royale Energy, Inc. (OTCMKTS:ROYL) Short Interest Up 770.0% in October

Royale Energy, Inc. (OTCMKTS:ROYL) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 8,700 shares, an increase of 770.0% from the September 30th total of 1,000 shares. Based on an average daily volume of 11,100 shares, the short-interest ratio is currently 0.8 days.

Royale Energy Stock Performance

Shares of Royale Energy stock remained flat at $0.05 during trading on Friday. The firm’s 50-day moving average price is $0.04 and its 200-day moving average price is $0.05. The company has a market cap of $3.53 million, a P/E ratio of -1.25 and a beta of 0.03. Royale Energy has a 1 year low of $0.01 and a 1 year high of $0.08.

About Royale Energy

Royale Energy, Inc acquires, explores for, develops, produces, and sells oil and natural gas properties in the United States. Its principal operations are located in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas, Oklahoma, Louisiana, and Colorado. Royale Energy, Inc was incorporated in 1986 and is based in El Cajon, California.