Petro Matad Limited (OTCMKTS:PRTDF) Short Interest Up 4,160.8% in May

Petro Matad Limited (OTCMKTS:PRTDFGet Rating) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 511,300 shares, a growth of 4,160.8% from the April 30th total of 12,000 shares. Based on an average trading volume of 114,500 shares, the days-to-cover ratio is currently 4.5 days.

Petro Matad Price Performance

Shares of OTCMKTS:PRTDF opened at $0.06 on Friday. Petro Matad has a 12-month low of $0.02 and a 12-month high of $0.11. The business has a 50 day moving average of $0.07 and a two-hundred day moving average of $0.05.

About Petro Matad

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Petro Matad Ltd. is a holding company, which through its subsidiaries, engages in the oil exploration. Its operations include blocks IV and V, and block XX. The company was founded on August 30, 2007 and is headquartered in Ulaanbaatar, Mongolia.

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