ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Sees Significant Drop in Short Interest

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 200 shares, a drop of 99.5% from the January 31st total of 36,800 shares. Based on an average daily volume of 92,900 shares, the days-to-cover ratio is presently 0.0 days.

ShaMaran Petroleum Price Performance

SHASF stock traded down C$0.00 during midday trading on Friday, hitting C$0.15. The stock had a trading volume of 4,979 shares, compared to its average volume of 65,453. ShaMaran Petroleum has a 52-week low of C$0.03 and a 52-week high of C$0.16. The business has a 50-day moving average of C$0.10 and a two-hundred day moving average of C$0.07.

ShaMaran Petroleum Company Profile

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.