ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Short Interest Update

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 76,800 shares, a growth of 36.4% from the November 30th total of 56,300 shares. Based on an average daily trading volume, of 25,800 shares, the days-to-cover ratio is currently 3.0 days.

ShaMaran Petroleum Stock Performance

OTCMKTS:SHASF remained flat at C$0.09 during mid-day trading on Friday. The business has a fifty day moving average price of C$0.07 and a two-hundred day moving average price of C$0.06. ShaMaran Petroleum has a 52-week low of C$0.03 and a 52-week high of C$0.09.

About ShaMaran Petroleum

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.