Thai Oil Public Company Limited (OTCMKTS:TOIPF) Short Interest Down 25.2% in August

Thai Oil Public Company Limited (OTCMKTS:TOIPF) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,228,000 shares, a decrease of 25.2% from the August 15th total of 1,642,700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 12,280.0 days.

Shares of OTCMKTS:TOIPF opened at $1.40 on Tuesday. The stock has a 50 day moving average of $1.44 and a 200 day moving average of $1.72. Thai Oil Public has a 12-month low of $1.11 and a 12-month high of $2.19.

Separately, Citigroup downgraded Thai Oil Public from a “neutral” rating to a “sell” rating in a research note on Monday, August 2nd.

Thai Oil Public Company Profile

Thai Oil Public Company Limited, together with its subsidiaries, engages in the oil refining and distribution, petrochemicals, lube base oil, and other businesses in Thailand and internationally. It operates through Oil Refinery, Lube Base Oil Refinery, Petrochemical, Power Generation, Marine Transportation Services, Solvent, Ethanol, and Others segments.

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