Short Interest in ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Expands By 36.4%

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 76,800 shares, a growth of 36.4% from the November 30th total of 56,300 shares. Based on an average trading volume of 25,800 shares, the short-interest ratio is presently 3.0 days.

ShaMaran Petroleum Stock Performance

ShaMaran Petroleum stock remained flat at C$0.09 during mid-day trading on Friday. The company’s 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.06. ShaMaran Petroleum has a twelve month low of C$0.03 and a twelve month high of C$0.09.

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.