Short Interest in Pason Systems Inc. (OTCMKTS:PSYTF) Expands By 19.7%

Pason Systems Inc. (OTCMKTS:PSYTF) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 803,100 shares, an increase of 19.7% from the September 30th total of 670,800 shares. Based on an average daily volume of 75,500 shares, the days-to-cover ratio is currently 10.6 days.

Pason Systems Stock Performance

Shares of Pason Systems stock traded down $0.08 on Wednesday, hitting $9.78. 29,811 shares of the company’s stock traded hands, compared to its average volume of 8,430. Pason Systems has a one year low of $9.31 and a one year high of $13.75. The firm’s 50-day moving average price is $10.13 and its two-hundred day moving average price is $11.37.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.