Petro Matad Limited (OTCMKTS:PRTDF) Short Interest Update

Petro Matad Limited (OTCMKTS:PRTDF) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 58,500 shares, an increase of 19,400.0% from the September 30th total of 300 shares. Based on an average trading volume of 39,600 shares, the short-interest ratio is currently 1.5 days.

Petro Matad Price Performance

Shares of PRTDF stock traded down $0.01 during mid-day trading on Friday, reaching $0.03. The stock had a trading volume of 64,200 shares, compared to its average volume of 27,445. The firm’s 50 day simple moving average is $0.03 and its 200 day simple moving average is $0.03. Petro Matad has a one year low of $0.01 and a one year high of $0.09.

Petro Matad Company Profile

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. It holds 100% interests in production sharing contract blocks, including Ongi Block V that covers an area of approximately 7,937 square kilometers; and Matad Block XX that consists of an area of approximately 218 square kilometers in Mongolia.