Petrofac Limited (OTCMKTS:POFCY) Sees Large Increase in Short Interest

Petrofac Limited (OTCMKTS:POFCY) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 170,400 shares, an increase of 278.7% from the February 13th total of 45,000 shares. Based on an average daily volume of 542,300 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Petrofac Trading Up 5.1 %

Shares of POFCY stock opened at $0.04 on Friday. The firm has a 50-day moving average of $0.04 and a 200-day moving average of $0.06. Petrofac has a one year low of $0.03 and a one year high of $3.27.

Petrofac Company Profile

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).