Short Interest in Camber Energy Inc (CEI) Rises By 5.8%

Camber Energy Inc (NYSE:CEI) was the recipient of a large increase in short interest in September. As of September 29th, there was short interest totalling 2,665,993 shares, an increase of 5.8% from the September 15th total of 2,519,715 shares. Based on an average trading volume of 1,723,460 shares, the short-interest ratio is currently 1.5 days. Approximately 18.1% of the shares of the company are short sold.

Camber Energy (NYSE CEI) opened at 0.164 on Friday. The firm has a 50-day moving average price of $0.18 and a 200 day moving average price of $0.26. The firm’s market cap is $5.61 million. Camber Energy has a 12-month low of $0.14 and a 12-month high of $2.39.

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Camber Energy Company Profile

Camber Energy, Inc, formerly Lucas Energy, Inc, is an independent oil and natural gas company. The Company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations, including the Austin Chalk and Eagle Ford formations, primarily in Gonzales, Wilson and Karnes Counties, south of the city of San Antonio, Texas.

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