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

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 82,400 shares, an increase of 246.2% from the March 31st total of 23,800 shares. Based on an average daily trading volume, of 113,900 shares, the days-to-cover ratio is currently 0.7 days.

ShaMaran Petroleum Stock Performance

SHASF stock remained flat at C$0.06 during midday trading on Friday. The company’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. ShaMaran Petroleum has a twelve month low of C$0.03 and a twelve month high of C$0.06.

About ShaMaran Petroleum

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.