Petro Matad Limited (OTCMKTS:PRTDF) Sees Large Growth in Short Interest

Petro Matad Limited (OTCMKTS:PRTDF) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, a growth of 1,100.0% from the February 29th total of 100 shares. Based on an average daily trading volume, of 15,800 shares, the days-to-cover ratio is presently 0.1 days.

Petro Matad Price Performance

Shares of PRTDF remained flat at $0.06 during trading on Thursday. Petro Matad has a 52 week low of $0.02 and a 52 week high of $0.11. The business has a fifty day simple moving average of $0.05 and a two-hundred day simple moving average of $0.05.

About Petro Matad

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. It holds 100% interests in production sharing contract blocks, including Ongi Block V that covers an area of approximately 7,937 square kilometers; and Matad Block XX that consists of an area of approximately 218 square kilometers in Mongolia.