Trio Petroleum Corp. (NYSEAMERICAN:TPET) Short Interest Down 21.1% in February

Trio Petroleum Corp. (NYSEAMERICAN:TPET) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 812,400 shares, a decrease of 21.1% from the February 13th total of 1,030,000 shares. Based on an average trading volume of 4,940,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 12.2% of the company’s stock are sold short.

Trio Petroleum Stock Performance

TPET remained flat at $1.39 during trading hours on Wednesday. The company had a trading volume of 71,168 shares, compared to its average volume of 3,784,004. Trio Petroleum has a twelve month low of $0.79 and a twelve month high of $14.39. The firm’s 50 day moving average price is $1.59. The company has a market capitalization of $9.35 million, a price-to-earnings ratio of -0.32 and a beta of -7.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Trio Petroleum stock. Integrity Wealth Advisors Inc. bought a new stake in Trio Petroleum Corp. (NYSEAMERICAN:TPET) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 29,000 shares of the company’s stock, valued at approximately $35,000. Integrity Wealth Advisors Inc. owned approximately 0.43% of Trio Petroleum at the end of the most recent quarter. Institutional investors and hedge funds own 0.34% of the company’s stock.

About Trio Petroleum

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California.