Parex Resources Inc. (OTCMKTS:PARXF) Short Interest Down 42.9% in September

Parex Resources Inc. (OTCMKTS:PARXF) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 1,878,200 shares, a decline of 42.9% from the September 15th total of 3,289,400 shares. Based on an average daily volume of 58,300 shares, the short-interest ratio is currently 32.2 days.

Parex Resources Stock Up 2.2 %

OTCMKTS PARXF traded up $0.21 on Friday, hitting $9.71. 25,737 shares of the company’s stock were exchanged, compared to its average volume of 70,790. The stock has a 50-day moving average of $10.56 and a 200-day moving average of $14.32. Parex Resources has a 52 week low of $8.43 and a 52 week high of $20.66.

About Parex Resources

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1.