Pantheon Resrcs (OTCMKTS:PTHRF) Sees Significant Decline in Short Interest

Pantheon Resrcs (OTCMKTS:PTHRF) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 104,635 shares, a drop of 64.3% from the April 30th total of 293,473 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 527,409 shares, the short-interest ratio is currently 0.2 days.

Pantheon Resrcs Trading Up 5.9%

OTCMKTS PTHRF traded up $0.01 during trading on Monday, reaching $0.20. 131,700 shares of the company’s stock traded hands, compared to its average volume of 562,643. The company’s 50 day simple moving average is $0.16 and its two-hundred day simple moving average is $0.17. Pantheon Resrcs has a 12-month low of $0.09 and a 12-month high of $0.45.

Pantheon Resrcs Company Profile

Pantheon Resources Ltd. is an independent oil and gas exploration and appraisal company that focuses on upstream activities in emerging frontier basins. The company acquires and evaluates exploration licenses, undertakes seismic surveys and environmental studies, and plans and executes drilling programs to assess hydrocarbon potential. Its core objective is to advance early-stage exploration projects to the point of commercial discovery or farm-out.

Pantheon Resources holds a portfolio of offshore and onshore licenses in the Republic of Georgia, awarded by the Georgian Ministry of Economy and Sustainable Development.