ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Short Interest Update

ShaMaran Petroleum Corp. (OTCMKTS:SHASF – Get Rating) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 110,600 shares, a growth of 104.1% from the April 30th total of 54,200 shares. Based on an average daily volume of 40,300 shares, the short-interest ratio is currently 2.7 days.

ShaMaran Petroleum Price Performance

Shares of OTCMKTS SHASF remained flat at C$0.05 during midday trading on Friday. ShaMaran Petroleum has a 52 week low of C$0.04 and a 52 week high of C$0.09. The firm’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.06.

ShaMaran Petroleum Company Profile

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ShaMaran Petroleum Corp. engages in the exploration, appraisal and development of oil and gas resources. It focuses its operation in the Atrush block project located in the Kurdistan Region of Iraq. The company was founded on October 3, 1991 and is headquartered in Vancouver, Canada.