ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Sees Large Growth in Short Interest

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 7,300 shares, a growth of 82.5% from the February 28th total of 4,000 shares. Based on an average daily volume of 37,000 shares, the days-to-cover ratio is currently 0.2 days.

ShaMaran Petroleum Price Performance

Shares of ShaMaran Petroleum stock opened at C$0.16 on Monday. The firm has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.09. ShaMaran Petroleum has a fifty-two week low of C$0.05 and a fifty-two week high of C$0.17.

ShaMaran Petroleum Company Profile

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.