Short Interest in ShaMaran Petroleum Corp. (OTCMKTS:SHASF) Decreases By 33.8%

ShaMaran Petroleum Corp. (OTCMKTS:SHASF) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 9,600 shares, a decrease of 33.8% from the July 31st total of 14,500 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 4.2 days.

ShaMaran Petroleum Price Performance

Shares of OTCMKTS:SHASF remained flat at C$0.06 during trading on Friday. The company has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.05. ShaMaran Petroleum has a one year low of C$0.03 and a one year high of C$0.07.

About ShaMaran Petroleum

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.