Parex Resources Inc. (OTCMKTS:PARXF) Short Interest Down 29.3% in December

Parex Resources Inc. (OTCMKTS:PARXF) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 2,409,300 shares, a decline of 29.3% from the November 30th total of 3,407,000 shares. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is currently 60.2 days.

Parex Resources Price Performance

Shares of OTCMKTS PARXF opened at $9.31 on Friday. The business has a 50-day moving average of $9.92 and a 200-day moving average of $11.61. Parex Resources has a 12 month low of $8.43 and a 12 month high of $19.33.

Parex Resources Company Profile

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1.