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

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 32,300 shares, a growth of 1,096.3% from the March 31st total of 2,700 shares. Based on an average daily volume of 57,700 shares, the days-to-cover ratio is currently 0.6 days.

ShaMaran Petroleum Price Performance

SHASF opened at C$0.15 on Monday. The business’s 50-day moving average price is C$0.15 and its two-hundred day moving average price is C$0.10. ShaMaran Petroleum has a 1 year low of C$0.05 and a 1 year high of C$0.17.

ShaMaran Petroleum Company Profile

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.