Rubis (OTCMKTS:RUBSF) Sees Significant Drop in Short Interest

Rubis (OTCMKTS:RUBSF) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 2,300 shares, a decline of 51.1% from the December 31st total of 4,700 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 11.5 days.

Rubis Price Performance

OTCMKTS:RUBSF remained flat at C$26.00 during midday trading on Wednesday. The company’s 50 day moving average is C$24.53 and its 200-day moving average is C$30.37. Rubis has a 1-year low of C$23.50 and a 1-year high of C$26.26.

About Rubis

Rubis engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean. The company operates through Energy Distribution and Renewable Electricity Production segments. It is involved in the bulk liquid storage of fuels, biofuels, chemicals, and agrifood products; and retails and distributes fuels, heating oils, lubricants, liquefied gases, and bitumen, as well as provides logistics services comprising trading-supply, refining, and shipping activities.