TransAtlantic Petroleum Ltd (TAT) Short Interest Update
TransAtlantic Petroleum Ltd (NYSE:TAT) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 253,114 shares, a growth of 285.6% from the August 31st total of 65,634 shares. Based on an average daily volume of 566,335 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the company’s stock are sold short.
Separately, TD Securities raised TransAtlantic Petroleum from a “hold” rating to a “speculative buy” rating in a report on Friday, September 9th.
An institutional investor recently raised its position in TransAtlantic Petroleum stock. Spark Investment Management LLC raised its stake in TransAtlantic Petroleum Ltd (NYSE:TAT) by 21.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,500 shares of the company’s stock after buying an additional 24,700 shares during the period. Spark Investment Management LLC owned approximately 0.34% of TransAtlantic Petroleum worth $112,000 at the end of the most recent quarter.
TransAtlantic Petroleum (NYSE:TAT) opened at 1.21 on Thursday. TransAtlantic Petroleum has a 12-month low of $0.52 and a 12-month high of $3.31. The stock has a 50 day moving average price of $0.92 and a 200 day moving average price of $0.87. The company’s market capitalization is $56.66 million.
TransAtlantic Petroleum (NYSE:TAT) last issued its earnings results on Thursday, August 4th. The company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.12. On average, analysts expect that TransAtlantic Petroleum will post ($0.32) EPS for the current year.
TransAtlantic Petroleum Company Profile
TransAtlantic Petroleum Ltd. is a holding company. The Company is an international oil and natural gas company engaged in acquisition, exploration, development and production. Its segments include Turkey and Bulgaria. The Company holds interests in approximately 880,000 and 567,000 net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria, respectively.
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