Short Interest in Trio Petroleum Corp. (NYSEAMERICAN:TPET) Decreases By 79.8%

Posted by Scott Moore on Sep 11th, 2026

Trio Petroleum Corp. (NYSEAMERICAN:TPET – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 406,085 shares, a decrease of 79.8% from the August 15th total of 2,007,215 shares. Based on an average daily trading volume, of 158,550 shares, the days-to-cover ratio is currently 2.6 days. Currently, 8.7% of the company’s stock are short sold.

Trio Petroleum Stock Down 7.7%

Shares of NYSEAMERICAN TPET opened at $1.86 on Friday. Trio Petroleum has a twelve month low of $1.68 and a twelve month high of $22.50. The firm has a market cap of $9.17 million, a P/E ratio of -0.69 and a beta of -4.79. The company has a 50 day moving average of $2.33 and a 200 day moving average of $4.41.

Trio Petroleum (NYSEAMERICAN:TPET – Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported ($0.39) EPS for the quarter. The business had revenue of $0.35 million for the quarter. Trio Petroleum had a negative net margin of 830.43% and a negative return on equity of 36.52%.

Institutional Investors Weigh In On Trio Petroleum

A hedge fund recently bought a new stake in Trio Petroleum stock. Cygnus Capital Advisors LLC purchased a new position in Trio Petroleum Corp. (NYSEAMERICAN:TPET – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 859,342 shares of the company’s stock, valued at approximately $266,000. Cygnus Capital Advisors LLC owned 17.47% of Trio Petroleum as of its most recent SEC filing. Hedge funds and other institutional investors own 0.34% of the company’s stock.

Trio Petroleum Company Profile

(Get Free Report)

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California.