Is it time to reconsider AFRICA OIL CORP ORDINARY SHARES (OTCMKTS: AOIFF) after more small sellers?



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July 17, 2018 – By Hugh Holland

The AFRICA OIL CORP ORDINARY SHARES (OTCMKTS: AOIFF) stock rose 1.07% in the near term. AOIFF's total short-term interest was 667,600 shares in July issued by FINRA. It is up 1.07% over the 660,500 previously reported shares. With an average volume of 74,100 shares, it will take 9 days for short sellers to hedge short AOIFF positions. The short-term interest for the AFRICA OIL CORP ORDINARY SHARES float is 0.17%

The stock lost 0.08% or $ 0.0007 at the last session scholar, reaching $ 0.8993. Approximately 8,280 shares were traded. Africa Oil Corp. (OTCMKTS: AOIFF) has been 0.00% since July 17, 2017 and is. It underperformed the S & P500 by 12.57%.

Africa Oil Corp., with its subsidiaries, operates as a gas and oil exploration and development company in Kenya and Ethiopia. The company has a market capitalization of $ 431.80 million. He holds interests mainly in the Rift Basin in East Africa. He currently has negative gains. The company previously called Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007.

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By Hugh Holland

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