TransAtlantic Petroleum Ltd (TAT) Sees Significant Decline in Short Interest
TransAtlantic Petroleum Ltd (NYSE:TAT) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 77,700 shares, a drop of 69.3% from the September 15th total of 253,114 shares. Based on an average daily volume of 188,941 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.
An institutional investor recently raised its position in TransAtlantic Petroleum stock. Spark Investment Management LLC increased 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 Securities and Exchange Commission. 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 as of its most recent SEC filing.
Separately, TD Securities raised TransAtlantic Petroleum from a “hold” rating to a “speculative buy” rating in a report on Friday, September 9th.
TransAtlantic Petroleum (NYSE:TAT) opened at 1.15 on Friday. TransAtlantic Petroleum has a one year low of $0.52 and a one year high of $2.79. The firm’s market capitalization is $53.85 million. The firm has a 50-day moving average price of $1.09 and a 200 day moving average price of $0.90.
TransAtlantic Petroleum (NYSE:TAT) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.12. Analysts anticipate that TransAtlantic Petroleum will post ($0.32) EPS for the current fiscal 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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