Pason Systems Inc. (OTCMKTS:PSYTF) Short Interest Up 52.3% in August

Pason Systems Inc. (OTCMKTS:PSYTF) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 1,304,100 shares, agrowthof52.3% from the July 31st total of 856,500 shares. Based on an average trading volume of 24,900 shares, the short-interest ratio is presently 52.4 days. Based on an average trading volume of 24,900 shares, the short-interest ratio is presently 52.4 days.

Analysts Set New Price Targets

Separately, TD Securities cut shares of Pason Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Pason Systems Trading Up 0.1%

Shares of OTCMKTS PSYTF traded up $0.01 during midday trading on Monday, reaching $8.59. The company had a trading volume of 40,280 shares, compared to its average volume of 17,068. The business’s 50-day simple moving average is $8.70 and its 200 day simple moving average is $8.69. Pason Systems has a 1 year low of $7.51 and a 1 year high of $11.18.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.