Parex Resources Inc. (OTCMKTS:PARXF) Sees Large Drop in Short Interest

Parex Resources Inc. (OTCMKTS:PARXF) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,008,700 shares, a decrease of 16.6% from the December 15th total of 2,409,300 shares. Based on an average daily volume of 58,600 shares, the short-interest ratio is presently 34.3 days.

Parex Resources Stock Performance

OTCMKTS:PARXF opened at $10.29 on Friday. The stock’s 50 day moving average price is $10.19 and its 200 day moving average price is $11.08. Parex Resources has a 52 week low of $8.43 and a 52 week high of $19.33.

Parex Resources Company Profile

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1.