Topaz Energy Corp. (OTCMKTS:TPZEF) Shares Shorted: Short Interest Down 51.1% in October

Topaz Energy Corp. (OTCMKTS:TPZEF) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 960,442 shares, a decline of 51.1% from the September 30th total of 1,965,528 shares. Based on an average daily trading volume, of 69,258 shares, the days-to-cover ratio is currently 13.9 days.

Analyst Upgrades and Downgrades

Several research firms have commented on TPZEF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Topaz Energy in a research note on Friday, October 9th. Scotiabank reaffirmed an “outperform” rating on shares of Topaz Energy in a research report on Friday, July 17th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Topaz Energy Price Performance

Shares of TPZEF opened at $22.33 on Friday. Topaz Energy has a 12-month low of $17.44 and a 12-month high of $24.42. The business’s 50 day moving average is $21.68 and its 200 day moving average is $22.12.

About Topaz Energy

Topaz Energy Corp. is a Canadian energy infrastructure and royalty company focused on generating revenue from long-life assets in the Western Canadian Sedimentary Basin. The company provides investors with exposure to oil and natural gas production without operating a conventional exploration and production business.

Topaz owns royalty interests in oil, natural gas and natural gas liquids properties, allowing it to receive a share of production revenues from underlying assets. It also owns interests in energy infrastructure, including natural gas processing and related midstream facilities, which support the transportation and processing of hydrocarbons produced in Western Canada.

The company’s portfolio is concentrated primarily in Alberta and British Columbia, where it partners with established energy producers and infrastructure operators.