Short Interest in Petrofac Limited (OTCMKTS:POFCY) Grows By 22,240.4%

Petrofac Limited (OTCMKTS:POFCY) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 1,273,400 shares, a growth of 22,240.4% from the May 31st total of 5,700 shares. Based on an average trading volume of 5,284,600 shares, the short-interest ratio is presently 0.2 days.

Petrofac Price Performance

Shares of OTCMKTS:POFCY traded down $0.01 during midday trading on Friday, hitting $0.08. The stock had a trading volume of 328,758 shares, compared to its average volume of 508,648. Petrofac has a 12 month low of $0.04 and a 12 month high of $3.27. The business’s 50-day simple moving average is $0.16 and its 200-day simple moving average is $0.17.

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).