Short Interest in Parex Resources Inc. (OTCMKTS:PARXF) Decreases By 16.6%

Parex Resources Inc. (OTCMKTS:PARXF) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,008,700 shares, a decline of 16.6% from the December 15th total of 2,409,300 shares. Based on an average trading volume of 58,600 shares, the short-interest ratio is presently 34.3 days.

Parex Resources Trading Down 1.6 %

OTCMKTS:PARXF traded down $0.17 during midday trading on Thursday, reaching $10.29. 26,557 shares of the company traded hands, compared to its average volume of 52,746. The company has a fifty day moving average price of $10.19 and a 200 day moving average price of $11.08. Parex Resources has a twelve month low of $8.43 and a twelve month high of $19.33.

Parex Resources Company Profile

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1.