Short Interest in Petroteq Energy Inc. (OTCMKTS:PQEFF) Expands By 143.0%

Petroteq Energy Inc. (OTCMKTS:PQEFF) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 183,700 shares, an increase of 143.0% from the December 15th total of 75,600 shares. Based on an average trading volume of 5,437,800 shares, the days-to-cover ratio is currently 0.0 days.

Shares of PQEFF stock opened at $0.38 on Friday. Petroteq Energy has a 12-month low of $0.04 and a 12-month high of $0.44. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $0.20 and its 200-day moving average price is $0.16.

About Petroteq Energy

Petroteq Energy, Inc is a holding company, which engages in the development and implementation of proprietary oil sands mining. It specializes in oil production with ancillary offerings in mining, and sand remediation. It operates through the Oil Extraction and Mining Operations segments. The Oil Extraction segment focuses on the commencement of commercial production and will generate revenue from the sale of hydrocarbon products to third parties.

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