Kelt Exploration Ltd. (OTCMKTS:KELTF) Short Interest Down 12.2% in March

Kelt Exploration Ltd. (OTCMKTS:KELTF) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,034,900 shares, a decrease of 12.2% from the March 15th total of 3,455,700 shares. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is currently 141.8 days.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reiterated an “outperform” rating and set a $8.50 price target on shares of Kelt Exploration in a report on Tuesday, April 9th.

Kelt Exploration Price Performance

OTCMKTS:KELTF traded down $0.17 during mid-day trading on Monday, hitting $4.50. 8,986 shares of the company’s stock traded hands, compared to its average volume of 20,175. The firm has a 50 day moving average of $4.35 and a two-hundred day moving average of $4.63. Kelt Exploration has a 12 month low of $3.35 and a 12 month high of $5.95.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.