Short Interest in PetroTal Corp. (OTCMKTS:PTALF) Increases By 29.1%

PetroTal Corp. (OTCMKTS:PTALF) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 9,615,300 shares, an increase of 29.1% from the December 15th total of 7,446,900 shares. Based on an average daily volume of 756,000 shares, the short-interest ratio is presently 12.7 days.

PetroTal Trading Up 5.6 %

Shares of PTALF stock traded up $0.03 during trading hours on Friday, hitting $0.52. The company had a trading volume of 170,735 shares, compared to its average volume of 277,049. PetroTal has a 12 month low of $0.36 and a 12 month high of $0.64. The firm’s fifty day moving average is $0.44 and its 200 day moving average is $0.48.

PetroTal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.06 annualized dividend and a yield of 11.49%.

PetroTal Company Profile

PetroTal Corp. engages in the development and exploration of oil and natural gas in Peru, South America. Its flagship property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp. in June 2018.