Toro Energy Limited (OTCMKTS:TOEYF) Sees Large Increase in Short Interest

Toro Energy Limited (OTCMKTS:TOEYF) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 423,700 shares, an increase of 38.5% from the August 15th total of 306,000 shares. Based on an average trading volume of 158,300 shares, the days-to-cover ratio is currently 2.7 days.

Shares of OTCMKTS:TOEYF opened at $0.03 on Tuesday. The stock has a 50 day moving average of $0.02 and a 200 day moving average of $0.02. Toro Energy has a 12-month low of $0.01 and a 12-month high of $0.04.

Toro Energy Company Profile

Toro Energy Ltd. operates as an uranium company, which explores and develops uranium deposits and also acquires uranium projects. Its projects include Wiluna Mine and Theseus Prospect. The firm operates through the following segments: Project Evaluation, Exploration, and Reconciling. The company was founded on November 14, 2005 and is headquartered in Perth, Australia.

Further Reading: What is the price-sales ratio?

Receive News & Ratings for Toro Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro Energy and related companies with MarketBeat.com's FREE daily email newsletter.