Short Interest in PetroTal Corp. (OTCMKTS:PTALF) Rises By 29.1%

PetroTal Corp. (OTCMKTS:PTALF) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,615,300 shares, an increase of 29.1% from the December 15th total of 7,446,900 shares. Based on an average daily volume of 756,000 shares, the days-to-cover ratio is presently 12.7 days.

PetroTal Stock Up 5.6 %

PTALF stock traded up $0.03 during trading on Friday, reaching $0.52. 170,735 shares of the stock were exchanged, compared to its average volume of 277,049. PetroTal has a twelve month low of $0.36 and a twelve month high of $0.64. The stock has a 50 day simple moving average of $0.44 and a 200-day simple moving average of $0.48.

PetroTal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 11.49%. The ex-dividend date of this dividend was Friday, November 29th.

PetroTal Company Profile

PetroTal Corp. engages in the development and exploration of oil and natural gas in Peru, South America. Its flagship property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp. in June 2018.