Petrofac Limited (OTCMKTS:POFCY) Short Interest Up 278.7% in February

Petrofac Limited (OTCMKTS:POFCY) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 170,400 shares, a growth of 278.7% from the February 13th total of 45,000 shares. Based on an average trading volume of 542,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Petrofac Price Performance

Shares of POFCY traded down $0.00 during mid-day trading on Friday, reaching $0.04. 73,029 shares of the company were exchanged, compared to its average volume of 366,951. Petrofac has a 52 week low of $0.03 and a 52 week high of $3.27. The business has a 50 day simple moving average of $0.04 and a two-hundred day simple moving average of $0.06.

Petrofac Company Profile

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).