Topaz Energy Corp. (OTCMKTS:TPZEF) Sees Significant Growth in Short Interest

Topaz Energy Corp. (OTCMKTS:TPZEF) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 740,000 shares, a growth of 51.2% from the September 30th total of 489,400 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is presently 142.3 days.

Topaz Energy Price Performance

OTCMKTS:TPZEF traded down $0.27 during mid-day trading on Tuesday, reaching $19.22. The stock had a trading volume of 972 shares, compared to its average volume of 2,540. Topaz Energy has a twelve month low of $13.25 and a twelve month high of $20.37. The business has a 50 day simple moving average of $19.28 and a 200 day simple moving average of $17.95.

About Topaz Energy

Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.