Short Interest in Triangle Petroleum Co. (TPLM) Expands By 0.6%
Triangle Petroleum Co. (NYSE:TPLM) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 4,799,351 shares, a growth of 0.6% from the August 31st total of 4,769,860 shares. Approximately 6.8% of the shares of the stock are sold short. Based on an average daily volume of 7,032,756 shares, the short-interest ratio is currently 0.7 days.
Triangle Petroleum (NYSE:TPLM) opened at 0.275 on Friday. The company has a 50-day moving average price of $0.26 and a 200 day moving average price of $0.35. The stock’s market capitalization is $21.03 million. Triangle Petroleum has a 1-year low of $0.13 and a 1-year high of $2.14.
Triangle Petroleum Company Profile
Triangle Petroleum Corporation (Triangle) is an energy holding company. The Company operates through two segments: exploration and production segment, and oilfield services segment. The focus of the exploration and production operating segment is finding and producing oil and natural gas. The focus of the oilfield services operating segment is pressure pumping and complementary services for both TUSA-operated wells and third-party-operated wells.
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