PetroTal Corp. (OTCMKTS:PTALF) Short Interest Update

PetroTal Corp. (OTCMKTS:PTALF) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 9,615,300 shares, an increase of 29.1% from the December 15th total of 7,446,900 shares. Based on an average daily volume of 756,000 shares, the short-interest ratio is presently 12.7 days.

PetroTal Price Performance

OTCMKTS PTALF traded up $0.03 during trading hours on Friday, hitting $0.52. 170,735 shares of the company were exchanged, compared to its average volume of 277,049. The company has a 50 day moving average of $0.44 and a two-hundred day moving average of $0.48. PetroTal has a 52-week low of $0.36 and a 52-week high of $0.64.

PetroTal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.015 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.06 annualized dividend and a yield of 11.49%.

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.