Short Interest in Parex Resources Inc. (OTCMKTS:PARXF) Decreases By 16.6%

Parex Resources Inc. (OTCMKTS:PARXF) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 2,008,700 shares, a decline of 16.6% from the December 15th total of 2,409,300 shares. Based on an average daily trading volume, of 58,600 shares, the days-to-cover ratio is currently 34.3 days.

Parex Resources Price Performance

OTCMKTS:PARXF traded down $0.17 during midday trading on Thursday, hitting $10.29. 26,557 shares of the stock were exchanged, compared to its average volume of 52,746. Parex Resources has a one year low of $8.43 and a one year high of $19.33. The business has a 50-day moving average price of $10.19 and a two-hundred day moving average price of $11.08.

Parex Resources Company Profile

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1.