Africa Oil Corp. (OTCMKTS:AOIFF) Sees Significant Drop in Short Interest

Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 3,742,600 shares, a decline of 9.5% from the September 30th total of 4,134,800 shares. Based on an average daily volume of 192,100 shares, the short-interest ratio is currently 19.5 days.

Africa Oil Stock Performance

Africa Oil stock traded down $0.01 during midday trading on Wednesday, reaching $1.27. The stock had a trading volume of 64,126 shares, compared to its average volume of 109,875. Africa Oil has a twelve month low of $1.26 and a twelve month high of $1.99. The stock has a market capitalization of $566.77 million, a PE ratio of 9.07 and a beta of 1.00. The stock's 50-day simple moving average is $1.37 and its 200 day simple moving average is $1.61.

Africa Oil Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 9th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, September 9th. Africa Oil's dividend payout ratio is presently 35.71%.

Africa Oil Company Profile

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.