Allied Resources, Inc. (OTCMKTS:ALOD) Sees Large Decrease in Short Interest

Allied Resources, Inc. (OTCMKTS:ALOD) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 466 shares, a decline of 86.6% from the January 29th total of 3,466 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 625 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 625 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Allied Resources Stock Down 5.8%

OTCMKTS:ALOD traded down $0.01 during trading hours on Wednesday, reaching $0.20. 4,436 shares of the stock were exchanged, compared to its average volume of 378. The firm has a 50 day simple moving average of $0.24 and a 200-day simple moving average of $0.22. Allied Resources has a 52 week low of $0.08 and a 52 week high of $0.27. The stock has a market capitalization of $1.13 million, a P/E ratio of -10.00 and a beta of 0.53.

Allied Resources Company Profile

Allied Resources, Inc, an independent oil and natural gas producer, engages in the exploration, development, production, and sale of oil and gas in the United States. It owns varying interests in a total of 145 wells situated on acreage of approximately 3,400 acres in Ritchie and Calhoun counties, West Virginia; and 10 wells situated on acreage of approximately 2,510 acres in Goliad, Edwards, and Jackson counties, Texas. The company was formerly known as General Allied Oil and Gas Co and changed its name to Allied Resources, Inc in August 1998.