Triangle Petroleum Co. (TPLM) Sees Significant Increase in Short Interest
Triangle Petroleum Co. (NYSE:TPLM) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 4,870,323 shares, a growth of 1.5% from the September 15th total of 4,799,351 shares. Currently, 6.9% of the company’s stock are sold short. Based on an average daily trading volume, of 2,162,358 shares, the days-to-cover ratio is presently 2.3 days.
Shares of Triangle Petroleum (NYSE:TPLM) traded down 2.81% during mid-day trading on Tuesday, reaching $0.27. The company’s stock had a trading volume of 1,136,984 shares. The company has a 50 day moving average price of $0.26 and a 200 day moving average price of $0.32. The stock’s market capitalization is $20.65 million. Triangle Petroleum has a 12 month low of $0.13 and a 12 month 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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