Short Interest in Petrofac Limited (OTCMKTS:POFCY) Decreases By 31.3%

Petrofac Limited (OTCMKTS:POFCY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 117,100 shares, a drop of 31.3% from the February 28th total of 170,400 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 181,800 shares, the days-to-cover ratio is presently 0.6 days.

Petrofac Trading Down 5.0 %

Shares of POFCY stock traded down $0.00 during trading hours on Friday, hitting $0.04. 202,912 shares of the company were exchanged, compared to its average volume of 330,234. Petrofac has a 1 year low of $0.03 and a 1 year high of $3.27. The firm has a fifty day moving average of $0.04 and a 200 day moving average of $0.06.

About Petrofac

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).