Short Interest in Pason Systems Inc. (OTCMKTS:PSYTF) Declines By 38.4%

Posted by Wayne Rhoads on Aug 18th, 2026

Pason Systems Inc. (OTCMKTS:PSYTF – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,126,690 shares, a decline of 38.4% from the July 15th total of 1,828,840 shares. Based on an average daily trading volume, of 48,469 shares, the days-to-cover ratio is presently 23.2 days.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PSYTF shares. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating on shares of Pason Systems in a research note on Wednesday, August 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Pason Systems in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

View Our Latest Analysis on PSYTF

Pason Systems Price Performance

Shares of OTCMKTS:PSYTF opened at $10.49 on Tuesday. Pason Systems has a 52 week low of $7.89 and a 52 week high of $11.33. The company’s 50 day moving average is $9.19 and its two-hundred day moving average is $9.51.

About Pason Systems

(Get Free Report)

Pason Systems Inc is a Calgary-based provider of data management, automation and software solutions for drilling operations in the oil and gas industry. Since its founding in 1975, the company has developed a suite of instrumentation and data analytics products designed to enhance the safety, efficiency and performance of drilling rigs. Pason’s core offering includes real-time data acquisition systems that collect and transmit drilling parameters such as rate of penetration, torque, hookload and mud flow, enabling operators to make informed decisions on the rig floor and in remote monitoring centers.

The company’s technology platform integrates hardware, software and communications services to deliver comprehensive wellsite data management.