Trio Petroleum Corp. (NYSEAMERICAN:TPET) Short Interest Update

Trio Petroleum Corp. (NYSEAMERICAN:TPET) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 3,475,937 shares, a drop of 42.0% from the April 15th total of 5,996,154 shares. Currently, 10.8% of the company’s stock are short sold. Based on an average daily volume of 6,200,341 shares, the days-to-cover ratio is presently 0.6 days.

Trio Petroleum Price Performance

Shares of TPET traded down $0.02 on Monday, reaching $0.39. The company’s stock had a trading volume of 2,947,372 shares, compared to its average volume of 4,688,098. The stock has a market capitalization of $13.33 million, a P/E ratio of -0.66 and a beta of -4.85. The stock’s 50 day simple moving average is $0.76 and its two-hundred day simple moving average is $0.79. Trio Petroleum has a 12-month low of $0.36 and a 12-month high of $2.50.

Trio Petroleum (NYSEAMERICAN:TPET) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $0.12 million during the quarter. Trio Petroleum had a negative return on equity of 51.89% and a negative net margin of 1,312.38%.

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.