Trio Petroleum Corp. (NYSEAMERICAN:TPET) Short Interest Update

Trio Petroleum Corp. (NYSEAMERICAN:TPET) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 1,030,000 shares, a growth of 27.2% from the January 31st total of 809,800 shares. Currently, 28.6% of the shares of the company are sold short. Based on an average daily trading volume, of 4,950,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Trio Petroleum

A hedge fund recently bought a new stake in Trio Petroleum stock. Integrity Wealth Advisors Inc. acquired a new stake in Trio Petroleum Corp. (NYSEAMERICAN:TPET) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 29,000 shares of the company’s stock, valued at approximately $35,000. Integrity Wealth Advisors Inc. owned 0.43% of Trio Petroleum at the end of the most recent quarter. 0.34% of the stock is currently owned by institutional investors and hedge funds.

Trio Petroleum Trading Up 6.3 %

Shares of TPET stock traded up $0.08 during trading hours on Thursday, hitting $1.35. 272,186 shares of the company’s stock were exchanged, compared to its average volume of 4,535,716. The business’s 50 day moving average price is $1.56. Trio Petroleum has a fifty-two week low of $0.79 and a fifty-two week high of $14.39. The company has a market capitalization of $9.09 million, a price-to-earnings ratio of -0.31 and a beta of -7.73.

About Trio Petroleum

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California.