Short Interest in PetroTal Corp. (OTCMKTS:PTALF) Grows By 29.1%

PetroTal Corp. (OTCMKTS:PTALF) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 9,615,300 shares, a growth of 29.1% from the December 31st total of 7,446,900 shares. Based on an average trading volume of 756,000 shares, the days-to-cover ratio is presently 12.7 days.

PetroTal Price Performance

Shares of PTALF stock traded up $0.00 during trading hours on Thursday, hitting $0.47. The stock had a trading volume of 93,999 shares, compared to its average volume of 219,779. The stock’s 50 day moving average is $0.44 and its 200 day moving average is $0.48. PetroTal has a twelve month low of $0.36 and a twelve month high of $0.64.

PetroTal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 12.76%. The ex-dividend date of this dividend was Friday, November 29th.

PetroTal Company Profile

PetroTal Corp. engages in the development and exploration of oil and natural gas in Peru, South America. Its flagship property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp. in June 2018.