PetroTal Corp. (OTCMKTS:PTALF) Short Interest Down 17.6% in March

PetroTal Corp. (OTCMKTS:PTALF) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 7,798,600 shares, a drop of 17.6% from the February 28th total of 9,464,000 shares. Based on an average daily trading volume, of 230,300 shares, the days-to-cover ratio is presently 33.9 days.

PetroTal Stock Performance

Shares of PTALF stock traded up $0.01 during trading on Thursday, hitting $0.48. The company’s stock had a trading volume of 130,341 shares, compared to its average volume of 157,805. The business has a fifty day moving average of $0.48 and a 200-day moving average of $0.47. PetroTal has a 52 week low of $0.36 and a 52 week high of $0.64.

PetroTal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.015 per share. The ex-dividend date was Friday, February 28th. This represents a $0.06 annualized dividend and a dividend yield of 12.48%.

PetroTal Company Profile

PetroTal Corp. engages in the development and exploration of oil and natural gas in Peru, South America. Its flagship property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp. in June 2018.