Is AFRICA OIL CORP ORDINARY SHARES (OTCMKTS:AOIFF) a Buy? The Stock Reported more Sellers

April 17, 2018 - By Henry Gaston

The stock of AFRICA OIL CORP ORDINARY SHARES (OTCMKTS:AOIFF) registered an increase of 20.42% in short interest. AOIFF’s total short interest was 615,000 shares in April as published by FINRA. Its up 20.42% from 510,700 shares, reported previously. With 58,800 shares average volume, it will take short sellers 11 days to cover their AOIFF’s short positions. The short interest to AFRICA OIL CORP ORDINARY SHARES’s float is 0.15%.

It closed at $0.9345 lastly. It is down 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Africa Oil Corp., together with its subsidiaries, operates as an gas and oil exploration and development firm in Kenya and Ethiopia. The company has market cap of $425.73 million. It holds interests primarily in the East African Rift Basin. It currently has negative earnings. The firm was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007.

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