GeoPetro Resources (OTCMKTS:GEOR) Short Interest Up 29,700.0% in May

GeoPetro Resources (OTCMKTS:GEOR) was the recipient of a significant increase in short interest during the month of May. As of May 28th, there was short interest totalling 29,800 shares, an increase of 29,700.0% from the May 13th total of 100 shares. Based on an average daily trading volume, of 153,300 shares, the days-to-cover ratio is currently 0.2 days.

Shares of OTCMKTS GEOR traded up $0.00 during midday trading on Friday, reaching $0.02. 90,967 shares of the company were exchanged, compared to its average volume of 372,373. GeoPetro Resources has a 1 year low of $0.00 and a 1 year high of $0.05. The company’s fifty day moving average is $0.02.

About GeoPetro Resources

GeoPetro Resources Company operates as an independent oil and natural gas company in the United States. It holds 100% interest in the Madisonville Field project located in Madison County, Texas; and Lokern Prospect located in the San Joaquin Basin, Kern County, California. The company was formerly known as GeoPetro Company and changed its name to GeoPetro Resources Company in June 1996 as a result of merger with its subsidiary, GeoPetro Resources Subsidiary Company.

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