Spartan Delta Corp. (OTCMKTS:DALXF) Sees Significant Drop in Short Interest

Spartan Delta Corp. (OTCMKTS:DALXF) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,203,900 shares, a decline of 35.8% from the November 15th total of 3,432,700 shares. Based on an average daily trading volume, of 154,500 shares, the short-interest ratio is currently 14.3 days.

Spartan Delta Stock Performance

DALXF remained flat at $2.24 during midday trading on Friday. 2,086 shares of the company’s stock traded hands, compared to its average volume of 21,911. The stock’s 50 day simple moving average is $2.51 and its 200 day simple moving average is $2.78. Spartan Delta has a 12-month low of $1.95 and a 12-month high of $3.16.

Spartan Delta Company Profile

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.