Short Interest in Fortem Resources Inc. (OTCMKTS:FTMR) Grows By 108.0%


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Fortem Resources Inc. (OTCMKTS:FTMR) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 5,200 shares, an increase of 108.0% from the December 15th total of 2,500 shares. Based on an average daily trading volume, of 20,600 shares, the days-to-cover ratio is currently 0.3 days.

Shares of OTCMKTS FTMR remained flat at $$0.27 during midday trading on Wednesday. The stock had a trading volume of 3,700 shares, compared to its average volume of 6,267. The business’s 50-day moving average price is $0.26 and its 200 day moving average price is $0.51. Fortem Resources has a 12-month low of $0.05 and a 12-month high of $1.24.

About Fortem Resources

Fortem Resources Inc engages in the acquisition, exploration, and development of oil and gas properties in Canada and the United States. It holds 100% interest in the Godin property covering an area of approximately 12,800 located in the Godin area of Northern Alberta. The company also holds 75% interest in the Black Dragon property covering an area of 150,178 acres located in the Moenkopi formation of the Carbon and Emery Counties, Utah; and 75% interest in the Rolling Rock Property covering an area of 130,942 acres located in the Mancos formation in the Southern Uinta Basin, Utah.

See Also: Return On Assets

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