Petrus Resources Ltd. (OTCMKTS:PTRUF) Sees Large Increase in Short Interest

Petrus Resources Ltd. (OTCMKTS:PTRUF) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 29,500 shares, an increase of 340.3% from the December 15th total of 6,700 shares. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is presently 1.0 days.

Petrus Resources Stock Performance

Shares of Petrus Resources stock traded down $0.00 on Monday, hitting $1.00. 114,125 shares of the company’s stock traded hands, compared to its average volume of 22,275. The firm’s 50-day moving average is $1.01 and its 200 day moving average is $1.01. Petrus Resources has a 52-week low of $0.89 and a 52-week high of $1.11.

About Petrus Resources

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.