Petrofac Limited (OTCMKTS:POFCF) Sees Large Increase in Short Interest

Petrofac Limited (OTCMKTS:POFCF) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 68,500 shares, a growth of 585.0% from the December 31st total of 10,000 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 342.5 days.

Petrofac Price Performance

Shares of OTCMKTS POFCF remained flat at $0.13 during midday trading on Wednesday. Petrofac has a fifty-two week low of $0.13 and a fifty-two week high of $2.10. The business has a 50-day moving average price of $0.14 and a 200-day moving average price of $0.18.

Petrofac Company Profile

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).