Petrogress, Inc. (OTCMKTS:PGAS) Sees Large Increase in Short Interest

Petrogress, Inc. (OTCMKTS:PGAS) saw a large growth in short interest in May. As of May 28th, there was short interest totalling 15,600 shares, a growth of 1,460.0% from the May 13th total of 1,000 shares. Based on an average trading volume of 275,700 shares, the short-interest ratio is currently 0.1 days.

PGAS stock traded down $0.01 on Friday, hitting $0.08. The company’s stock had a trading volume of 46,911 shares, compared to its average volume of 989,029. The firm’s 50 day simple moving average is $0.10. Petrogress has a 1 year low of $0.01 and a 1 year high of $0.32.

Petrogress Company Profile

Petrogress, Inc, through its subsidiaries, operates as an integrated merchant of petroleum products. The company operates through Upstream, Downstream, and Midstream segments. The Upstream segment in engaged in exploration, and production of crude oil in West Africa. It supplies and trades in light petroleum fuel oil, refined oil products, and other petrochemical products to local refineries in West Africa and Mediterranean countries.

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