ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Sees Significant Increase in Short Interest

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 82,400 shares, an increase of 246.2% from the March 31st total of 23,800 shares. Based on an average trading volume of 113,900 shares, the short-interest ratio is currently 0.7 days.

ShaMaran Petroleum Price Performance

Shares of OTCMKTS SHASF remained flat at C$0.06 during trading on Friday. ShaMaran Petroleum has a 1-year low of C$0.03 and a 1-year high of C$0.06. The stock has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.04.

ShaMaran Petroleum Company Profile

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.