Spartan Delta Corp. (OTCMKTS:DALXF) Sees Large Growth in Short Interest

Spartan Delta Corp. (OTCMKTS:DALXF) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 3,201,100 shares, an increase of 12.7% from the October 15th total of 2,841,100 shares. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is presently 228.7 days.

Spartan Delta Stock Performance

Shares of OTCMKTS DALXF remained flat at $2.40 during mid-day trading on Friday. The stock had a trading volume of 42,075 shares, compared to its average volume of 19,993. Spartan Delta has a one year low of $1.95 and a one year high of $3.16. The business’s 50-day simple moving average is $2.65 and its 200-day simple moving average is $2.86.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.