Petrofac Limited (OTCMKTS:POFCF) Short Interest Update

Petrofac Limited (OTCMKTS:POFCF) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 119,200 shares, a decrease of 74.3% from the May 31st total of 464,700 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 47.7 days.

Petrofac Stock Performance

Shares of Petrofac stock remained flat at $0.20 during trading on Thursday. The business’s 50-day simple moving average is $0.44 and its 200 day simple moving average is $0.43. Petrofac has a 12-month low of $0.14 and a 12-month high of $2.10.

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).