Petro Matad Limited (OTCMKTS:PRTDF) Sees Large Drop in Short Interest

Petro Matad Limited (OTCMKTS:PRTDF) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 12,400 shares, a drop of 92.8% from the March 15th total of 172,000 shares. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is currently 0.4 days.

Petro Matad Stock Performance

Shares of OTCMKTS PRTDF remained flat at $0.00 during trading hours on Tuesday. The stock’s 50 day moving average price is $0.02 and its 200-day moving average price is $0.03. Petro Matad has a 12 month low of $0.00 and a 12 month high of $0.06.

About Petro Matad

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. It holds 100% interests in production sharing contract blocks, including Ongi Block V that covers an area of approximately 7,937 square kilometers; and Matad Block XX that consists of an area of approximately 218 square kilometers in Mongolia.