ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Sees Large Growth in Short Interest

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 7,300 shares, an increase of 82.5% from the February 28th total of 4,000 shares. Based on an average trading volume of 37,000 shares, the days-to-cover ratio is presently 0.2 days.

ShaMaran Petroleum Stock Performance

Shares of SHASF traded up C$0.00 on Friday, reaching C$0.16. The company’s stock had a trading volume of 2,100 shares, compared to its average volume of 59,126. ShaMaran Petroleum has a 12-month low of C$0.05 and a 12-month high of C$0.17. The stock’s 50 day simple moving average is C$0.13 and its two-hundred day simple moving average is 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.