Investors are flocking to Hermitage Offshore and its short interest has more than doubled in the last month.

Shares in the Scorpio Group-backed, New York-traded company shot up nearly 70%, or $0.43, to $1.06 in late trading Friday.

Trading volume peeked over 878,000 and the number of shares short hit 372,560, up from 145,320 on 15 October.

The Emanuele Lauro-led company reported