Petrofac Limited (OTCMKTS:POFCY) Short Interest Up 71.3% in December

Petrofac Limited (OTCMKTS:POFCY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 610,000 shares, a growth of 71.3% from the December 15th total of 356,100 shares. Based on an average daily trading volume, of 373,200 shares, the days-to-cover ratio is presently 1.6 days.

Petrofac Stock Performance

Shares of POFCY traded down $0.00 during midday trading on Wednesday, hitting $0.04. 238,043 shares of the stock traded hands, compared to its average volume of 628,194. Petrofac has a 1-year low of $0.03 and a 1-year high of $3.27. The business’s 50 day moving average price is $0.06 and its two-hundred day moving average price is $0.07.

Petrofac Company Profile

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).